Capital-O&M require US$65bn by 2030
The increasing volume of garbage in India is expected to offer US$14 billion of business opportunities by 2025 for the waste treatment industry, especially the private investors, according to a ResearchAndMarkets report on 8 Apr 2019.
The waste will increase two times by 2030 from the current close to 62 million tonnes generated on annual basis, according to the report “Waste to Energy and Waste Management Market in India – 2019”.
Municipal solid waste management sector in India is projected to see capital and O&M requirement of close to US$65 billion by 2030, it estimated.
India has the potential to generate approximately 90 million tonnes/year of waste by 2030-2032, especially the changing lifestyles of growing affluence among people increasing waste volume.
With increasing waste, India would have the potential to generate approximately 3 GW of electricity from waste by 2050.
To face the challenge, the government allows 100% FDI under the automatic route for urban infrastructure areas including waste management subject to relevant rules and regulations.
The biggest initiatives include NTPC’s 100 waste-to-energy pollution free plants across the country.
Also, the central government has been implementing Swachh Bharat Abhiyan, emphasizing waste management at different stages of generation, collection and disposal.
But the report cautioned that the increase municipal solid waste and industrial waste have led to a rise in public health concerns and environmental impacts due to the production of hazardous gases.
Of the total generated municipal solid waste, close to 45% is actually treated with rest thrown at designated landfills, sewage and water bodies, according to the report.
More than 50% of the total solid waste generated remains untreated and dumped on the landfills due to lack of efficient waste management system in India, the report highlighted.
As municipal solid waste holds close to 75% of the total waste generated in India, there lies an investment opportunity for the private players to convert a pile of garbage into income streams. fiinews.com