Significant growth in India’s gold refining industry led by informal sector – report

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India’s gold refining industry has seen whopping growth in recent years with capacity increasing by an whopping 500% between 2013 and 2021, the World Gold Council (WGC) said in a report, adding that the informal sector perhaps accounted for as much as an additional 300-500t. According to the report, advantageous custom duty on gold doré […]

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India’s mountains of plastic waste grow as pandemic disrupts fledgling recycling firms

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It was only about a year ago that Nikhel Morris and his wife Somali Kothari quit their city jobs to plunge into a venture close to their hearts — recycling plastic and rubber wastes into fuel. It made perfect sense as India imports the majority of its fuel needs. At the same time the country struggles to recycle plastic and rubber […]

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Accumulation of GST threatening India’s aluminium recycling industry

The accumulation of the goods and services tax (GST) due to over-valuation of imports of aluminium scrap is adversely affecting India’s aluminium recycling industry, which is mostly in the medium and small sectors. Industry officials said the industry faced a risk of shutdown if the issue was not resolved immediately. “The aluminum recycling industry, which […]

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