Ecoreco welcomes India's ₹1,500 crore recycling incentive

Eco Recycling Ltd (Ecoreco), a pioneer in India's e-waste management, has welcomed the Union Cabinet's approval of a ₹1,500 crore incentive scheme. This scheme, part of the National Critical Mineral Mission, aims to promote advanced recycling of e-waste, lithium-ion battery scrap, and other end-of-life resources. The policy includes capital expenditure support, operational incentives, and dedicated allocations for startups and micro, small, and medium-sized enterprises, reflecting the government's commitment to fostering a sustainable and globally competitive recycling ecosystem.

B. K. Soni, Ecoreco's chairman and managing director, highlighted the scheme as a "defining moment for India's circular economy." He noted that Ecoreco's inputs were incorporated into the scheme, which is expected to accelerate investment, create green jobs, and enhance India's self-reliance in critical mineral supply chains. The company anticipates enhanced returns with a 20% capital subsidy and phased operational support, making recycling projects highly attractive. India targets 40,000 tonnes of critical mineral recovery through this initiative.

The scheme also encourages collaboration, with one-third earmarked for new entrants, promoting joint ventures and technology partnerships. As India's first organized e-waste recycler, Ecoreco believes it is well-positioned to leverage this opportunity, scale operations, and lead best practices in mineral recovery, aligning with its long-term strategy for circular economy infrastructure.