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Urban waste management poised to be a USD 1.5 billion market in India by 2017
The urban municipal solid waste management market in India is expected to be worth USD 1.5 billion by 2017 per a report released on Tuesday by Shri Vankaiah Naidu, Minister for Urban Development, at the 3rd National Conference on Waste to Wealth organized by ASSOCHAM.
The report ‘Value out of Waste: the USD 1.5 Billion opportunity for India’ authored by sustainability advisory firm, cKinetics and Industry body ASSOCHAM, provides insights into the value that can be generated from urban municipal solid waste as also the potential opportunity this represents for the Indian industry.
As per the report, composting and waste to energy present significant opportunity for generating value out of waste in the country. The report estimates the potential for processing waste for conversion into energy at around 956 MW by 2017 and likely to touch levels of 2200 MW by 2030 and 5400 MW by 2052 due to technological improvements, improved waste segregation and waste management systems. Given the high organic content in Indian urban municipal waste, less upfront capital expenditure, as well as ease of adoption in decentralized setting, composting is also expected to grow from about 26,000 TPD in 2017 to 66,500 TPD in 2052. The report also highlights the key policy, financial and business aspects that would need to be addressed to realize this potential.
Releasing the report, Cabinet Minister Venkaiah Naidu spoke about the efforts being undertaken by the Central Government to address the ever increasing urban waste levels particularly in light of the continued urbanization in the country. The minister specifically shared about the efforts being undertaken under the ‘100 Smart Cities Initiative’ and the ‘Swachh Bharat Abhiyaan’. He further stated “The current state of municipal solid waste (MSW) reflects huge potential for additional waste collection and treatment. The Union Ministry of Urban Development (MoUD) is empanelling list of companies that can provide solid waste processing solutions to the urban local bodies and this process is expected to be completed over next three months.”
Delivering the theme address in the technical plenary, Shri Upendra Bhatt, Managing Director of cKinetics said, “With the impending resource shortage, it is imperative that waste management be viewed not just as a necessity but also as an opportunity to create closed loop systems thus presenting a pathway for growth in a resource constrained world. Urban waste management has the potential to emerge as a key market for the Indian industry in the years to come and the private sector needs to embrace this opportunity.”
As an action agenda, the report also put forth the Urban Waste Management Maturity Framework (UWMMF) for the creation of a highly comprehensive and integrated urban solid waste management system in India. The framework presents a guide on various levels of action based on which key performance indicators can be developed for tracking the success of waste management system for Indian cities.
The complete report can be accessed at www.ckinetics.com/publications/Value Out of Waste_2015.pdf.