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Secured NCDs from Shriram City TVS Logistics – another acquisition to sharpen the business model Chola MS net crosses 100 crores Waste, a gold mine ALL to launch electric busses Strategy war escalates between Hero and Honda IFCI to raise NCDs upto Rs 2000 crore Chennai Port is at last decongested! Hero Motocorp - smooth ride ALL-two launches in a row Changing dynamics in human resource management Apple maps – finding its way Backpack laboratory Time to fast-pace the logistics sector Tata Steel commence operations at Kalinganagar Gem of social service... BRICS development bank More gensets and diesel engines from TAFE Three more leather clusters… People Flow Day- Safety Striking cords for 25 years… TiE applauds innovative entrepreneurs STFC raises money Veritas Finance- financing the unfinanced Purdue and IIT-M sign the dotted line Research needs more funding ALL – truck industry is recovering from degrowth SumInfra- corridor based development... TII’s single largest investment at Thiruthani A global plastic event in India Connecting the unconnected Illicit markets a concern to growing economy Creating Tamil Nadu Banana brand Economic issues take a back seat at G20 summit Curbing steel imports will hurt small business... Housing Innovation Challenge, 2015 Rating of states to be released soon Well-refined – RIL’s refinery margins zoom Need to focus on ease of doing business... Holiday Inn opens in OMR Chennai WABCO’s second Chennai plant Nigeria comes nearer Nothing to hide... Four daughters and a proud father Chennai to get a roundabout Metro - When Centre visits the state Hyundai excites again Schwing Stetter India joins hands with US-based Gomaco Pharma market dozes Applauding enterprise... OBO Bettermann for better lightning protection European crisis is a global crisis! TN budget pragmatic and moderate on fiscal deficit Digital retail transactions stabilise at higher level… Towards peace of mind Indian Bank – global businesses crosses Rs 3 lakh crore... Big-ticket investments march towards Punjab An American alliance in the chemical industry? ECGC expands operations Climate change may change the way businesses work... Auto test tracks launched at GARC Oragadam campus On the ‘milky’ way Brand leaders come forward... Smart controls for cooling large multi-zone spaces ... LVB gears to become a financial supermarket TCS’ revenues cross Rs 100,000 crore Scoot offers just Rs.13,500 to ANZ... Celebrating 180 years of relevance Investor friendly Japan Realty sector takes a break... Business Breif Indigo stays leader with 40 per cent share ISRO's 100th mission Flexible labour laws… TII-challenging year with flat growth Downsizing spree... Business Briefs Placing the right shoe forward... An aerospace-defence cluster in Tamil Nadu… Airlines wage price war Chennai will soon get its World Trade Centre Chola MS launches motor app Blue Star plans a new plant in south Focus on self-certification and third party inspection Inclusive and forward moving... Bridging the skill deficit in pharma industry World labour laws at a glance Techies trip to India Adding Zest to Scooty Automotive Vision Plan II... Is Indian telecom industry heading for a monopoly? The new look- 4s Verna Durga - India’s largest blast furnace; now operational Reality bytes Steel loses its sheen TOP 10 CEO Compensation Sun Edison launches solar pumps Murugappa- a year of consolidation Industry-well poised to invest on expansion Economic, business and social sustainability CUB: towards card-less withdrawal Celebration time at MS Chola Ridley marathon to India Make way for the new and dynamic railways Carrefour’s quick exit Dynamic e-commerce scenario AirAsia India infuses funds to fight out competition Realising double digit growth in Tamil Nadu Innovation that helped Chennai port
 
Waste, a gold mine

The Chennai- based Global Waste Recylers Ltd is embarking on an expansion and diversification plan to encash what it calls the enormous opportunities available in this trade. “The capacity expansion and diversification involves capital investment in machinery, infrastructure, storage space as also working capital,” said Bharat Pujara, Managing Director.

The 52 year old company, which clocked revenue of Rs 43 crore in the 2013 -14 fiscal, is looking at revenues of around Rs 200 crore in the next few years. The company plans at both expansion and diversification.

One of the options for funding expansion is exploring the possibility of a public issue. Umesh Pujara,director, indicated that the process had started and the company could come out with a public issue in a couple of months.

On their new plans, Pujara said: the company was planning to set up two secure shredding plants in Tamil Nadu and one each in Bengaluru and Hyderabad. “We have finalised one of the sites for Tamil Nadu and another is being finalised. Sites in Bengaluru and Hyderabad haven’t been finalised yet,” he remarked. Mobile shredders were also being planned that could be moved to corporate houses where documents could be shredded in their presence for reasons of confidentiality and moved out later. Large volumes of waste paper shredding could be handled only at sites.

Umesh Pujara pointed to some of the challenges faced  by the industry itself were inappropriate secondary storage, absence of a definite government policy on the waste paper industry and rules and regulations on waste paper management.

Pujara said that his company had clocked 25 per cent growth on a year on year basis continuously for the last five years. Proper and effective recycling of waste paper will help in lowering imports and also help the environment by reducing solid waste.

The present recovery and utilisation of waste paper mills in India is 3.0 million tonnes annually, which translates to a recovery of 20 per cent of the total paper and paperboard consumed. This recovery is very low when compared to developed countries like Germany (73 per cent), Sweden (69 per cent), Japan (60 per cent), Western Europe (56 per cent), USA (49 per cent), and Italy (45 per cent).

As indigenous waste paper is in inadequate supply, Indian mills largely rely on imported waste paper to meet the raw material demand. The import bill has increased significantly over the years. An estimate shows that the import of waste paper has increased from 5.1 million USD to a billion USD in recent times. Indian paper industry imports around four million tonnes of waste paper annually which is about 57 per cent of its raw material requirements. In the current scenario, in India, only 20 per cent of waste paper is collected and rest goes to landfill. Out of this 90 per cent of waste paper collection is carried out by informal sector, namely rag pickers, kabariwalas and hawkers.

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