World News: 09:20 GMT Wednesday 17th April 2019. [Research and Markets via Globe Newswire via SPi World News]
Dublin, April 17, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.
The Indian garbage to offer a business opportunity of USD 14 billion by 2025, set to unlock new business avenues in the waste treatment industry.The growing economies across the globe are observing an increase in urban population, rise in per capita income level and increasing consumption level. With India growing on similar grounds, increase in purchasing power has led to more affordability and accessibility of the resources that increased the levels of municipal as well as industrial wastes across the Indian states. Having said that close to 62 MT waste is generated on an annual basis which will increase by two times by 2030.
The increase in municipal solid waste (MSW) and industrial waste has led to a rise in public health concerns and environmental impacts due to the production of greenhouse gases. Of the total generated municipal solid waste, close to 45% is actually treated with rest is thrown on the designated landfills, sewage and water bodies.More than 50% of the total solid waste generated remains untreated and dumped on the landfills due to the lack of efficient waste management system in India. As municipal solid waste (MSW) 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 the income streams.
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Globe Newswire: 09:20 GMT Wednesday 17th April 2019
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