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Solid waste management can fetch good revenue
Solid waste management business in India largely remains untapped and unorganised, despite being capable of fetching over Rs.6,000 crore per annum, an industry study has said. By providing an efficient system to manage 15 million tonnes of waste generated annually in India, entrepreneurs could make a handsome Rs 6,128 crore, said the study, which would be published in the coming issue of Dare, a magazine for entrepreneurs from the CyberMedia group.
As part of the study, Dare spoke to experts in the field of waste management, NGOs and a handful of companies which had ventured into this sector.
More than half the revenue-- Rs 3,624 crore -- could come from Delhi, Mumbai, Chennai, Bangalore and Kolkata. The remaining revenue could come from the 36 big cities, including Ahmedabad, Baroda, Pune, Patna, Jamshedpur, Amritsar, Bhopal, Coimbatore and Kochi.
The Indian waste management market is very small compared to that in the US, which earned 46.5 billion USD in 2005. - PTI
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