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Have you ever thought of owning a recycling company- now is your chance!

Have you ever thought of owning a recycling company- now is your chance!

People are becoming more environmentally concerned than ever before, which is one of the reasons why new business opportunities in the recycling industry are opening up. But, if you want to establish your own recycling business, where do you start? Fortunately for you, we've put together this post to assist you and to provide you with all of the information you need to establish a recycling business.

Need of recycling

India produces approximately 62 million tonnes of waste each year. By 2025, this quantity is expected to have doubled. As a result, waste management has become a major challenge across the country. Poorly handled and disposed garbage accounts for about 5% of worldwide carbon emissions, plus a handful of other issues like as toxic leaks, water and land degradation, and even landslides. High amounts of waste products have negative consequences not just for the environment but also for the economy.

Profitability in the recycling business

The scrap market size generated in India is estimated to be 150000 Metric Tons (MT) per day. As far as value is concerned in India, it is valued at ₹45000 crores per day. This sector, however, has not been tapped to its full potential, which might be turned into a more profitable enterprise. Furthermore, knowing that you are having a positive impact on the environment is a wonderful feeling.

Vehicle scrapping policy

The Vehicle scrappage policy is likely to give a major boost to the recycling business. The government’s Vehicle Scrappage Policy, mandates government and commercial vehicles older than 15 years and private vehicles older than 20 years will be scrapped or destroyed if they fail fitness or emission tests.

Why vehicle owners will scrap their vehicles?

  • Car owners will receive a reimbursement of 4 to 6% off the total price under the scrappage program when purchasing a new vehicle.

  • The state governments will offer a road-tax rebate of up to 25% for personal vehicles and up to 15% for commercial vehicles.

  • Automobile manufacturers will also offer a 5% discount to customers who present the 'Scrapping Certificate,' and registration fees will be waived on new vehicle purchases.


 

Extended Producer Responsibility (EPR) Policy

EPR policy has the potential to bring efficiency to recycling. As an environmental protection strategy, EPR is mandatory in India. Under this policy producers of the product have to take responsibility for the entire lifecycle of their products especially in the take-back, recycling, and final disposal of their products, including its packaging.

As this policy is mandatory in India, people will undoubtedly follow recycling and EPR guidelines, giving recycling businesses a big boost.

Starting a business requires a lot of determination and learning, and it only pays off in the long run. Here are some things to keep in mind when starting a recycling business.

  • Research

The first step in starting your recycling business is to learn about the legislation and regulations in your area regarding trash management and recycling. Recycling and waste management are subject to a variety of legislative regulations, which vary depending on where you live.

  • Industrial relations

Once waste has been collected, it must be turned into a variety of goods in order to be profitable. This change is carried out by already existing industries. For higher profit, one must have a solid connection with the industry segment.

  • Storage and Warehouse

One of the most important tasks is to find a location for your recycling business. It should be away from residential areas, but close to any landfills or waste management bodies, as this will help you save money on transportation and allow you to network effectively and regularly with concerned authorities.

  • Branding & Marketing

Branding is vital since it not only creates a lasting impression, but it also informs your consumers and clients about what to anticipate from you. It's a strategy for distinguishing yourself from the competition by articulating precisely what you have to offer that makes you the better alternative.

  • Hire Employees

You will need to hire people to work for you because this line of business necessitates management and a crew.

  • SAAS platform

A typical delivery approach between you and your clients is "on-demand software" and Web-based/Web-hosted software.

Now that you've read this, you're probably frightened and thinking that there are a lot of things to consider before starting your recycling business. But let us stop there since Scrapbuk is never without a solution. “FRANCHISE”. Yes, you read that correctly: a short-term business venture including the rental or leasing of a company opportunity. Scrapbuk has chosen to extend its business, and you have the opportunity to become a franchise owner.

Benefits of becoming a franchising owner of Scrapbuk

  • A strong, recognizable brand with a consistent identity across all marketing efforts allows you to stand out from competitors in the marketplace.

  • Access to storage facilities & warehouses.

  • Scrapbuk’s technical support team will help you with all the regulatory and licensing problems.

  • You don’t need to hire many employees as we have a great network of scrap collectors.

  • You won't have to strive to attract new clients because you'll have a devoted customer base thanks to our brand recognition.

The waste and recycling industry is competitive, and you'll be up against a lot of bigger, more established players. to gain a competitive advantage Become a Scrapbuk franchisee. Increase your revenues while helping to protect the environment. We are giving our franchise at a very reasonable cost. For more information, please contact (+91) 7814300366.