Gujarat and Maharashtra have been shortlisted as potential locations for India’s first integrated End-of-Life Vehicle (ELV) shredding and recycling facility.
The JV claimed that the plant will be the first of its kind in India, able to handle collection, compaction, transportation, depollution, dismantling, shredding, recycling, and disposal of ELVs.
The developers added that the plant will insure that ELVs are recycled in a sustainably responsible manner, with the aim of 100% recycling of all materials. They added that state-of-the-art shredding and sorting equipment will be installed to meet global standards will ensure that the recycling of vehicles is carried out per guidelines released by the MoEFC (Ministry of Environment, Forest and Climate Change) and CPCB (Central Pollution Control Board).
“India does not have any modern auto shredding plant as of now,” explained Shri B. B. Singh, chairman & managing director, MSTC Ltd. “We are sure of setting up a world class facility which will go a long way in recycling of ELVs and reduce dependence on mining iron ore and other resources.
“Apart from savings on forex as a result of import substitution of scrap, this JV would also contribute to India’s COP21 commitments,” he continued.
Sumit Issar, managing director of Mahindra Intertrade added: “Auto Recycling, if implemented as per global standards, is not only environment friendly, but also saves energy costs and minimises the reliance on alternate resources.”
“Secondary steelmakers in India import more than 5 million tonnes of scrap a year for recycling into finished steel/ The locally available scrap would help reduce their cost of production considerably, while hi-tech shredding using better technology and machinery would help the country significantly reduce pollution,” Issar concluded.
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