Opportunity Knocking on the Indian Door

India's stride into the steel industry has been exponential. As a developing country with 1.25 billion population to fend for and natural mineral reserves at hand, 300 million tonnes of steel production by 2025, especially with as focused an approach as the Make in India campaign doesn't seem too far off.

There, however, is concern for depleting natural resources, carbon footprint, health & safety of the people and the country's need to choose sustainable competitive alternatives.

Recycling metal scrap for steelmaking is one such alternative. India is a net importer of scrap and the scrap recycling industry in India is close to non-existent. The potential to develop the industry, though, is huge; as huge as worth over 2 billion dollars.

This potential is not unknown to the Indian government and recently the efforts to develop the industry have caught pace. Auto scrap being looked at upon as the major source of feed to the recycling mills, the government is on the brink of announcing an End of Life Policy for Vehicles. This will not only facilitate a constant stream of input to the recycling industry, but also help the environment by taking polluting vehicles off the road.