The ‘Waste-to-Energy’ and Waste Management market in India is set to be a $14bn opportunity by the year 2025. The population of 1.3 billion in India currently generates 62 million tonnes of municipal solid waste per year. And by 2027, India is set to become the world’s most populous country as per projections of the United Nations (1) with 7 new megacities (2). At this exponential population and urban growth rate, landfills almost 90% of the size of Bengaluru would be required for dumping if the waste remains untreated. Though rapid urbanization presents a humungous challenge, with the right policy framework and action, this challenge can be turned into a golden opportunity. The scale of opportunity may be gauged from the fact that India has the potential to generate 3GW of electricity from waste by 2050 (3).
Keeping the potential of waste management in consideration, the ‘Waste to Wealth Mission’ of the PMSTIAC aims to identify, develop and deploy technologies to treat waste to generate energy, recycle materials, and extract resources of value. The mission will also work to identify and support the development of new technologies that promise to create a clean and green environment. The mission will assist and augment the Swachh Bharat and Smart Cities projects by leveraging science, technology, and innovation to create circular economic models that are financially viable for waste management to streamline waste handling in the country.
The benefits of effective waste management are immense. India presents an opportunity in numerous subsectors of waste management including municipal solid waste, electronic waste, bio-medical waste, agricultural waste, and others. It is predicted that India has the potential to generate 3GW of electricity from waste by 2050 (4).
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To identify and support the development of new technologies that can help create a cleaner and greener environment
To boost and augment the Swachh Bharat Mission and Smart Cities Project by leveraging science, technology and innovation
To create circular economic models that are financially viable for waste management
To streamline waste handling in India
PM discussing W2W at Swachh Bharat Mission Urban 2.0
Vasudev Acharya Pandit on re-usage of flowers offered at Temple