Ecoreco Praises Government's Critical Mineral Mission

Eco Recycling Ltd (Ecoreco) commends the government's focus on recycling valuable resources and the establishment of a 'Critical Mineral Mission.' This initiative aligns with Ecoreco's efforts to advance sustainable development and secure India's strategic mineral interests. The Finance Minister highlighted the importance of resource conservation and recycling.

Eco Recycling Ltd (Ecoreco) has lauded the government's recent initiatives aimed at recycling valuable resources and the establishment of a 'Critical Mineral Mission', considering these crucial for sustainable development and India's strategic goals.

Finance Minister Nirmala Sitharaman, in her budget speech, underscored the significance of recycling, announcing the creation of a Critical Mineral Mission to boost domestic production and recycling of critical minerals. The mission will focus on technology development, skilled workforce creation, extended producer responsibility framework, and financing mechanisms. Additionally, she proposed customs duty exemptions on 25 critical minerals and reductions on two others to enhance their processing and availability.

As the pioneer in e-waste management since 2005, Ecoreco, with its significant recycling capacity, stands ready to support the government's objectives. Notably, Ecoreco and its Mobile App BookMyJunk were recognized by Prime Minister Narendra Modi. The company serves several global brands by providing e-waste recycling services and EPR credits. Ecoreco believes that recycling e-waste and Li-ion batteries is pivotal for maintaining a steady supply of critical materials, thereby minimizing import dependency and bolstering India's supply chain resilience.

(With inputs from agencies.)