How to start a recycling business?
The amount of waste and garbage is increasing day by day. In such a situation, a recycling business is a very good idea. This business can be started in India at a low cost and has a good scope for growth. Arrangement of machines, equipment, land, electricity, water, labor, etc. can be done in 3 to 15 lakh rupees. The cost also depends on the level of your business.
This business comes under SME and is called a small-scale industry. This business can be started with a good location and good information about the junk dealers. Many types of materials can be recycled. You can choose any of them according to your capacity.
Plastic Recycling
Plastic is a huge opportunity in India. To set up a reasonable size plant, you will need 50 to 500 square feet of land. Along with this, you will need some high-level machines like a grinder, angle-machine, granule maker, cutter, weighing machine, etc.
There should also be a good electricity supply to run the machines. You will also have to pay a fee to get the required permission from the Pollution Control Board.
Even if you exclude the cost of land, your total expenditure including all expenses like machinery, labor, buying plastic waste, etc. will be around 20 lakh rupees.
Paper Recycling
The paper recycling business has been running for decades. It is the simplest, most traditional, and most popular business. Paper is used in large quantities and recycling ensures a continuous supply. This business model is quite simple. Due to the availability of waste, raw material is also easily available in this business.
You can set up your paper recycling plant by investing between 3 to 15 lakhs. For this, you will have to get permission from the local government managers and their related departments as well as make arrangements for electricity, water, etc.
The demand for paper is very high all over the world, so if you want, you can go one level further and increase your profit manifold by exporting your recycled paper. However, in the domestic market also you can earn a profit of 11 to 16 percent in this business.
Aluminum Waste Recycling
Aluminium is the most recycled metal in the world with the lowest risk. Everyone is using this metal in some form or the other. Aluminum cans are one of the most discarded materials. You have to collect these cans or other aluminum products in different ways and take them to your recycling plant. Here you can make a profit of 16 to 20 percent by converting it into a new product.
It costs around Rs 40 lakh to set up this plant in a standard area of 500 square meters. You will need an engineer and 5 team members in your team who have experience working in this field.
To collect this waste, you can go to dustbins, junk centers, etc. or you can also buy it from junk dealers. To sell your recycled products, you can contact industries, MNCs, vendors, etc. You can start earning profit from this business in just three months.
Food Waste Recycling
This is the most profitable industry in which a huge amount of waste is produced. Food waste can be converted into energy and power. You can create your fertilizer brand by converting leftover food items into manure. Food waste is easily available in the market.
If you look at it, you will get a decent profit of about 15 percent in this business with a very low investment. Therefore, this option is quite better.
electronic waste recycling
Electronic waste containing cadmium, phosphorus, lead, etc. is highly valuable and useful. However, due to the presence of some dangerous metals in electronic waste, you must take precautions. That is why it is very important to have experts in your team.
You will have to obtain the necessary permissions and get your documents ready as per the norms given by the government. By doing this, you will be able to take the earth and the environment along with you in your business.
By taking just a few precautions, you can get a good return on your investment in this business.
Vermicompost recycling
If you live in a rural area, then this idea can change your life by giving good profits. For this, you have to collect animal waste, food, leftover waste of fruits and vegetables, etc., or any biodegradable material and deposit it in an area. You will easily find such waste in places like Mandi.
After this, you will have to spend 5 lakh rupees on the machine. This machine quickly converts biodegradable waste into manure. After dumping, processing takes place in the machine for about 3 months, then you can sell the fertilizer produced at 6 times its production cost.
By gradually increasing the production, you can also start your fertilizer brand. The biggest advantage of making vermicompost is that its price keeps increasing every three months due to the increase in its fertility.
If you don't have the capital to set up a recycling plant, don't lose hope
If you don't have the money to set up a recycling plant, you can open your waste collection center where the municipal corporation or other people can deposit their waste like plastic, aluminum cans, food waste, paper, etc. You can sort the collected waste and sell it to the concerned industry or other big recycling centers. You can keep a margin of 9 to 12 percent in this. For this, you just have to get permission from the concerned authorities to open your center and for the movement of your garbage collection vehicle. With time, you will grow and the business will become stable. After the business is established and you start earning well, you can start your recycling plant.
