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How To 2015-11-04

How to make money out of E-waste

There are plenty of business opportunities around the corner but, if you are not afraid to get your hands dirty, then starting your entrepreneurial journey in services business can turn out to be the best bet for you.

By Amanpreet Kaur, TFW Bureau Chief Sub Editor

Those who want to invest in low-cost business opportunities in India, services industry is brimming with one-of-its-kind concepts that offer lucrative business deal to prospective franchisees. As the market is receptive to newer trends, there is a lot of potential for new concepts to make immense returns in business. Nowadays, a fresh concept such as e-waste recycling is well accepted in the market as this industry has a lot of potential.  Take a quick look below to know more about it…

Eco Recycling Ltd: E-Waste or Electronic Waste is broadly described as loosely discarded, surplus, broken, obsolete, electrical and electronic devices which comprises of electronic and electrical items. Rapid technological advancements and globalisation of economy has made it possible to make electronics products available to all but, on the other side, it has also led to the E-waste generation. To conquer the problem of E-waste and believing the fact that ‘E-waste’ is the biggest industry in the world in terms of volume, quantum and margin / charges, Eco Recycling Ltd (Ecoreco), one of India's first professional E-waste Management company has set new benchmarks through its innovative and environment friendly disposal practices. The brand offers a seamlessly integrated solution for e-waste management and thus creating business opportunities for investors who are looking to invest low and make best of returns in business.  

Market size

Presently, the market size of e-waste in India is of 3.2 million MT and expected to touch to 20 million MT by 2020. In terms of value, it is presently of Rs 25,000 crore industry which is expected to touch Rs 125,000 crores by 2020. Fortunately, the entire industry is presently untapped by the formal sector as required under the E-waste management rules of India.  

Opportunity in-store

Seeing the untapped industry potential and to fulfill its plan to explore the intact opportunity in managing and recycling the dead E-waste, the brand’s target is to set up 5,000 ‘Take Back Points’ across the country. After sensing the big business opportunity in dead e-waste management, Ecoreco envisaged a plan to set up World’s largest network of Collection Points for E-waste under the brand name of Ecoreco suffixed with Take Back Points. These points will provide support to all these equipment manufacturers (OEMs) to avail of Ecoreco’s Reverse Logistic Network on sharing basis and thereby saving lots of capital costs and revenue expenses in managing their own collection points on individual basis. Because of this ready backbone of collection from end user, the franchisees will be immensely benefitted and get used products at much cheaper price. As per its target plans, Eco Recycling Ltd and its ‘Take Back Point’ (Franchisee) will be responsible for collecting e-waste from the houses, offices and other establishments across the nation.

What is required to become Ecoreco Franchisee:

Investment- Rs 7 – 8 lakh

Area- 1000–1,500 sq ft 

The brand is buoyant about exploring the franchise route to expand across the country. On sharing their expansion plans, B.K Soni, Chairman and MD, Eco Recycling Ltd, says, “We are planning to set up 5,000 Ecoreco Take Back Points across nation to mobilize 300,000 MT of e-waste (i.e. only 60 MT per annum per Franchisee).”  The brand is also planning to join hands with existing e-waste scrap merchants, Kabadies, scrap dealers, service centres of the brands like HP, IBM etc., retailers, graduates and under-graduates who are willing to enter the E-waste management segment as a new and unfolding opportunity.  

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