ANI PR Wire
07 Sep 2023, 15:24 GMT+10
PNN
New Delhi [India], September 7: Eco Recycling Limited (BSE: 530643, ECORECO), India's pioneering E-waste Management Company, has received a significant boost through strategic support from the Technology Development Board (TDB) for its groundbreaking initiative, 'Recycling on Wheels-SmartER.' This initiative represents a milestone in providing safe and secure E-waste solutions.
In a recent address during the 97th Mann Ki Baat episode, the Prime Minister emphasized the importance of proper e-waste disposal to safeguard the environment. In alignment with this vision, the Technology Development Board has announced its strategic financial support of Rs 6.00 Crores to M/s Eco Recycling Limited's 'Recycling on Wheels-SmartER' Project.
Commenting on this development, B K Soni, Managing Director of Eco Recycling Limited, stated, "Eco Recycling Ltd has been at the forefront of innovation in the e-waste management sector since 2005. We were honoured to receive recognition from none other than Prime Minister Modiji during his Mann Ki Baat address in January 2023. This time, we have introduced a revolutionary model for e-waste collection, shredding, data destruction, and transportation, aptly named 'Recycling on Wheels-SmartER.' This unique model is poised to rapidly formalize the E-waste Recycling segment. Our innovation has received commendation from the Office of The Principal Scientific Advisor (PSA), and now, with the approval of financial support from the Technology Development Board (TDB), we are set to implement this transformative model in the e-waste management sector, which is currently dominated by informal workers (Kabadies). Ecoreco believes that anyone interested in entering the E-waste Recycling business as an emerging opportunity can do so with minimal capital investment, contributing to resource generation and supporting the Government of India's Atma Nirbhar Bharat & Circular Economy missions."
(Disclaimer: The above press release has been provided by PNN. ANI will not be responsible in any way for the content of the same)
Get a daily dose of Sri Lanka Source news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Sri Lanka Source.
More InformationWASHINGTON, D.C.: President Donald Trump has granted TikTok another reprieve, extending the deadline for its Chinese parent company,...
WASHINGTON, D.C.: As the global weight-loss market explodes, drugmakers are now racing to solve a less visible problem: protecting...
HAYWARD, California: In a significant step toward its commercial debut, Amazon-owned Zoox has unveiled its first factory dedicated...
SAO PAULO, Brazil: Brazil is taking confident steps to restore its dominance in global poultry exports after declaring its commercial...
NEW YORK, New YorK - U.S. stocks closed mixed on Friday, with gains and losses modest, as investors and traders weighed up the escalation...
WASHINGTON, D.C.: Retail sales dropped sharply in May as consumer spending slowed after a strong start to the year, primarily due to...
WASHINGTON, DC - U.S. President Donald Trump how bowed to pro-Israel elements in his administration and Congress, announcing that the...
ZURICH, Switzerland: The Swiss National Bank (SNB) lowered its key interest rate to zero percent on June 19 to respond to falling inflation,...
WASHINGTON, D.C.: The U.S. government is preparing to revise its influential dietary advice, with a significant shift: dropping the...
ZURICH, Switzerland: The U.S. saw an extraordinary rise in wealth last year, with more than 1,000 people crossing into millionaire...
THE HAGUE, Netherlands: The city that prides itself on being a beacon of peace and justice—home to institutions like the International...
BUENOS AIRES, Argentina: Since taking office in December 2023, Argentine President Javier Milei has implemented sweeping austerity...