The growing economies across the globe are observing increase in urban population, rise in per capita income level and increasing consumption level. With India growing on a similar ground, increase in purchasing power has led to more affordability and accessibility of the resources that increased the levels of municipal as well as industrial wastes across the Indian states. Having said that close to 62 MT waste is generated on annual basis which will increase by two times by 2030. The increase in municipal solid waste (MSW) and industrial waste has led to rise in public health concerns and environmental impacts due to production of greenhouse gases. Of the total generated municipal solid waste, close to 45% is actually treated with rest is thrown on the designated landfills, sewage and water bodies.
More than 50% of the total solid waste generated remains untreated and dumped on the landfills due to the lack of efficient waste management system in India. As municipal solid waste (MSW) holds close to 75% of the total waste generated in India, there lies an investment opportunity for the private players to convert pile of garbage into the income streams.
BUSINESS CASE FOR WASTE MANAGEMENT IN INDIA
- NTPC to set up about 100 waste-to-energy pollution free plants across the country
- India has a potential to generate approximately 3 GW of electricity from waste by 2050
- The government allows 100% FDI under the automatic route for urban infrastructure areas including waste management subject to relevant rules and regulations
- Central government has been implementing Swachh Bharat Abhiyan , emphasizing waste management at different stages of generation, collection and disposal
- Municipal solid waste management sector in India is projected to see capital and O&M requirement of close to USD 65 Billion by 2030
- India has a potential to generate approximately 90 Million Tonnes/ Year of waste by 2030-2032
- High population growth an changing lifestyles to increase the waste volumes in India