India Boosts Recycling Industry with Zero Duty on Non-Ferrous Scrap
The 12th International Material Recycling Conference in Jaipur spotlighted India's push for a sustainable future. Key policy changes include zero duty on non-ferrous scrap imports, strengthening the recycling sector. Industry leaders emphasized the need for increased recycling efforts to align with global standards and sustainable economic growth.
- Country:
- India
The 12th International Material Recycling Conference, held in Jaipur from January 28 to 30, 2025, has marked a significant milestone for India's recycling industry. Hosted at the Novotel Jaipur Convention Centre, the event gathered industry leaders, policymakers, and global stakeholders to discuss challenges and opportunities within the sector. Organized by the Material Recycling Association of India (MRAI), the conference reinforced India's commitment to sustainable resource management and a circular economy.
During the event, key speakers aligned the conference's objectives with Prime Minister Narendra Modi's Mission LiFE, emphasizing a transformation towards 'Pro-Planet People.' Naresh Pal Gangwar from MoEFCC outlined the government's strategies for sustainable growth, highlighting the necessity for improved resource management to achieve India's 2040 development goals. Vinod Kumar Tripathi of the Ministry of Steel supported this perspective by advocating for stronger recycling infrastructure and the promotion of circular economic principles.
The government announced a pivotal decision to reduce the basic customs duty on non-ferrous scrap to zero percent, promoting the circular economy. This landmark move is expected to enhance manufacturing competitiveness by providing affordable raw materials. The Union Budget 2025 further stressed the importance of this initiative, encouraging industry growth and aligning with India's vision of becoming a developed nation.
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