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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 36 big cities, including Ahmedabad, Baroda, Pune, Patna, Jamshedpur, Amritsar, Bhopal, Coimbatore and Kochi.

“In India, the market is yet to take shape, thanks to the government’s apathy and our mindset on waste disposal. We need to take a page out of the experience of Western countries,” said Krishna Kumar, Group Editor of Dare.

Being unorganised, the Indian waste management market is very small compared to that in the US, which earned $46.5 billion (around Rs.181,675 crore) in 2005.

The waste management cycle involves collection, transportation segregation, treatment and disposal of organic, recyclable and inert waste.

In Delhi, the collection of 6,000 tonnes of waste every day could generate Rs. 365 crore a year. Sale of compost made out of biodegradable wastes could earn Rs.657 crore while that of recyclables could fetch Rs.274 crore, making a total revenue of Rs.1,022 crore annually.

According to Assocham estimates, Mumbai generates 5,800 tonnes of waste per day followed by Kolkata at 4,000 tonnes, Bangalore at 2,800 tonnes and Chennai at 2,675 tonnes. –PTI

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