The Indian government is debating the use of policy tools like Extended Producer Responsibility (EPR) to encourage recycling in order to foster a circular economy and lessen waste.
In order to expand the recycling industry using cutting-edge technology and achieve resource efficiency and carbon neutrality, the government has released recycling frameworks. More legislative tools, like EPR, are being discussed and will encourage recycling across the nation.
Producers are held accountable for the handling or disposal of post-consumer items under the EPR policy approach. Producer’s contributions to reducing environmental effect and covering the expenses of collection and recycling under EPR will encourage the recycling sector.
The government must put in place advantageous measures to encourage investment in the recycling sector if it is to meet a target of 300 million tonnes of steel production by 2030.
About 22% of the steel produced in India is recycled or scrap steel. There is significant room for expansion in the projected $15 billion recycling sector in India.
JNADDDC, an independent entity within the Ministry of Mines, has been given the responsibility of offering technical support and promotion to aid in the expansion of the recycling sector. The AKAM (Azadi ka Amrit Mahotsav) awareness campaign has also been launched to unite recycling stakeholders and address any problems within the sector.