E-Waste Recycling | Profitable Business Idea

E-waste recycling is a global environmental issue in recent phenomena. In India, electronic product waste dangerously increasing volume of obsolete computers, printers, fax machines, TVs, mobiles and other electronic devices.  Of the nearly 8 million PCs in India, 2 millions are only for software up gradation is accounted as e-waste.

The most technology owners are from the government, public or private industry sectors and they prefer replacing an old computer with a new one, rather than upgrading it which leads to land up with huge e-waste. The Environmental Protection Agency estimates that only 15-20% of e-waste is recycled, the rest of these electronics go directly into landfills and incinerators.

By starting an e-waste recycling business one can make money out of helping environment toxic free. The objective to start an e-waste recycling company is to create an opportunity to transfer e-waste into socially and industrially beneficial raw materials like valuable metals, plastics, glass etc. by using simple cost effective technology.

Research And Plan For E-Waste Recycling Business

E-waste recycling business is some sort of complex and capital intensive business. Before start have a market study on it. Determine what are the specific products that your company will going to handle. Where from you will purchase the waste material. Who will be your customer? According the establishment set up, equipment and manpower requirement; plan your start up budget.

In India, you will need to have trade license from local authority and then you will need to apply for SSI Unit (Small Scale Industries) registration certificate from Ministry of Industry. Consent of establishment and consent of operation both are required from the State Pollution Control Board.

E-Waste Recycling Business Includes

E-waste recycling business includes the responsibilities of collection and procurement of waste form the various organizations, get the useable part apart, resell and refurbish the usable material, extraction of valuable metals plastics etc. and turn them into raw materials for further industry use.

E-Waste Recycling Business Set up

Select a location for your e-waste recycling business establishment. It is advisable to select a location outside city area. To get license from PCB you will need to have neighbors no objections to start the works.  Create a floor lay out plan detecting to places for scrap storage, disassembly area, delivery dock, office and separate space for separate hazardous items.

It is important to have the entire necessary equipment ready before starting the operation. You will need to have conveyer belt, cathode ray tube (CRT), weighing machine, vehicles for transportation. You can purchase this or can start by having on lease.

Hire experienced and skilled employees who know the job rightly. If required you can arrange some special training for special equipment or materials.

E-Waste Recycling Safety Measures

E-wastes, such as computers, printers, and cell phones—contain toxic heavy metals such as lead, mercury, and cadmium. Use safety measures in your work place thoroughly to protect your employee’s health.

E-Waste Recycling Business Operation

Maintain your books of account daily basis. Make contracts with the business houses by negotiating with the price. Keep yourself updated with the industry news and technology. There are various NGOs and Government organizations like Centre for Science and Environment that are in research about e-waste and environment pollution. Keep in touch with them.

“For Further Reading”
The Complete Technology Book on Recycling (Printed Circuit Board, LCD, Cell Phone, Battery, Computers)