With the government’s intent to create a clean India, “Swachh Bharat Abhiyan” has gained momentum over the past one year. Not only the central government, but also the respective state governments and the urban local bodies have given a free hand in coming up with their contribution in the same. The aim of this mission is to motivate Indian citizens to devote at least hundred hours every year i.e. two hours every week to keep their homes and neighborhood clean. This birth of this mission underlines the urgent need of improving waste management scenario in India where public apathy towards proper waste disposal is a major hindrance. This may lead to more opportunities for existing and new players in this market as Indian Government is also looking at public private partnership (PPP) model to tackle waste problem.
It is pertinent to note that about INR 62000 crores has been targeted to be invested under the “ Swachh Bharat Abhiyan” of which close to INR 42512 crores is projected to be reflected from the private channels. In addition, with the other waste management measures like “Clean Ganga Mission”, “Nirmal Bharat Abhiyan” etc. taken by the government, the waste management market in India is likely to generate a market of USD 15 Billion by 2025. About 1.2 crore public toilets have been planned to be constructed by the end of FY’2015-16. The programme entails an investment of nearly Rs 2 lakh crore over the next five years to construct 12 crore toilets in India.
India being one of the most populated and fastest developing economies of the world is also the source of a humongous amount of waste per annum, be it the municipal solid waste, hazardous waste, biomedical waste or e-waste. According to the Central Pollution Control Board (CPCB), the average solid waste generated in Indian ranges from 0.21 to 0.5 kg per capita per day, which offers wide business opportunity to the value chain players. It is significant to note that Indian municipal solid waste (MSW) management market is expected to grow at a CAGR of 7.14% by 2025 while e-waste management market is expected to grow at a CAGR of 10.03% during the same period. India has planned to achieve a capacity of 2.9 million hospital beds by 2025, which will help bio medical waste management market to grow at a CAGR of 8.41%.
To take cognizance of the behemoth opportunity tune in the upcoming waste management projects in India, SNP Infra Research attempts to provide a holistic view through “Waste Management Market in India 2016-2020- A US $ 15 Billion Opportunity”. The report encompasses the opportunity and beautifully unwinds them for all stakeholders to enhance their respective business portfolio. The report unearths the category wise upcoming opportunities for the players in waste management and presents a path-finding guide for existing and likely to venture stakeholders in the segment. The opportunity tracking dossier also focuses on every minute details of the investment tune planned in the sector coupled with the evaluation of country’s economic environment.