Electronic wastes, "e-waste", "e-scrap", or "Waste Electrical and Electronic Equipment" ("WEEE") is a description of surplus, obsolete, broken or discarded electrical or electronic devices. Technically, electronic "waste" is the component which is dumped or disposed or discarded rather than recycled, including residue from reuse and recycling operations. Electronic Waste – or e-waste – is the term used to describe old, end-of-life electronic appliances such as computers, laptops, TVs, DVD players, mobile phones, mp3 players etc. which have been disposed of by their original users. The perception of e-waste is often restricted to a narrower sense, comprising mainly of end-of-life information- & telecommunication equipment and consumer electronics. However, technically, electronic waste is only a subset of WEEE (Waste Electrical and Electronic Equipment). E-Waste or Electronic Waste broadly describes loosely discarded, surplus, broken, obsolete, electrical and electronic devices. E-Waste is an area of immediate and long term concern as its unregulated accumulation and recycling can lead to major environmental degradation which will pose a major threatto human health.
According to E-Waste Market in India 2015-2019 research, the need to prevent biological hazards is one of the major trends upcoming in this market.
Newer methods of preventing biological hazards have emerged over the years. Growing need to reduce toxins discharged from unattended e-waste has triggered more investment in the market. High obsolescence rates of technologies have triggered increased demand for efficient e-waste management in India.
A mere 1.5% of India's total e-waste gets recycled due to poor infrastructure, legislation and framework which leads to a waste of diminishing natural resources, irreparable damage of environment and health of the people working in industry.As a whole there is a good scope for new entrepreneur to invest in this business.
Few Indian major players are as under
· Respose Waste Management, Dombivli
· Eco Friend Industries, Mumbai
· VentiOelde India Private Limited, Mumbai
· Leevams Incorporated
· Green Machine
· Hunan Vary Technology Co., Ltd.