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Mahindra Group firm Mahindra Intertrade recently on monday has signed a joint venture agreement with state-owned MSTC to set up India's first greenfield auto shredding and recycling facility. Gujarat and Maharashtra are the probable shortlisted locations to establish maiden facility in India with full pace operation initiated by early 2018.
India’s first-of-its-kind auto shredding unit will build up as an Integrated Automotive Recycling capability for end of life vehicles – from collection, compaction, transportation, depollution, dismantling, shredding, recycling, and disposal. As per the current NGT guidelines, a huge volume of vehicles are expected to be covered under the end-of-life category owing to the roadworthiness of automobiles and strict NGT guidelines.
"This JV is a significant first-step towards ensuring that ELVs are recycled in a sustainably responsible manner, with the aim of 100% recycling of all materials," a said statement.
“State-of-the-art, high-tech shredding and sorting equipment to meet global standards will ensure that the scrappage of vehicles is carried out in an environment friendly manner as per guidelines released by the MoEFC (Ministry of Environment, Forest and Climate Change) and CPCB (Central Pollution Control Board).”
Shri B. B. Singh, Chairman & Managing Director, MSTC Ltd. said, “India does not have any modern auto shredding plant as of now. MSTC-MIL will have a good partnership going ahead.”
Further added, ”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.”
Zhooben Bhiwandiwala, Managing Partner, Mahindra Partners said,“Mahindra is pleased to embark on this socially progressive initiative with MSTC, to ensure responsible recycling of automobiles in India. We are very encouraged by the support we have received from both the Central and State governments, through appropriate policy announcements, and are committed to establish global standards for this critical industry, which will transform the way automotive scrap is effectively recycled in a sustainable manner.”
According to Sumit Issar, Managing Director, Mahindra Intertrade Ltd., “Auto Recycling, if implemented as per global standards, is not only environment friendly but also saves energy costs and minimizes the reliance on alternate resources. Every tonne of new steel manufactured from scrap steel saves a substantial amount of iron ore, coal, electricity and limestone. This initiative would also lead to forex savings. 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.”
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