Indian Metal Recycling Industry is set to register an annual growth of 11.4 per till the year 2020. Considering the growth potential, it needs immediate policy intervention, noted the Report ‘Metal Recycling Sector: Contributor to National Wealth' published by Frost & Sullivan at the ‘Metal Recycling Conference' organised by Metal Recycling Association of India (MRAI), an apex body of India's ferrous and non-ferrous metals recycling industry.

A three-day Conference titled ‘Metal Recycling in India Vision Forward - A Clean, Green India' was held in New Delhi recently. Narendra Singh Tomar, Union Minister for Steel, Government of India inaugurated the Conference.

The Report on metals recycling industry noted that the potential of Metal Recycling industry is not fully utilised and hence, there is more burden on primary production resulting in depletion of natural resources. A strong policy regime can not only turn the fortunes of this industry favourably by throwing up immense economic opportunities; but will also help convert waste into wealth for the nation, said the Report.

Expressing his view Sanjay Mehta, President, Metal Recycling Association of India, said, "Recycling sector must be supported and promoted so that end of life automotive vehicles/white goods/revert scrap are disposed-off in a safe manner and are utilized back into the ecosystem thereby facilitating towards providing a tremendous boon to the Indian economy."

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