Attero looks to set up e-waste recycling, dismantling plants
Jan 27 2014
Attero, an electronic assets management and recycling company, would look to set up e-waste recycling and dismantling plants at multiple locations. It now has a recycling plant at Roorkee and a dismantling plant at Bangalore that is getting ready, according to Rohan Gupta, chief operating officer and co-founder.
Extracting metals from end-of-life products at its 36,000 tonne capacity plant is one of its focus areas. The plant at Bangalore would dismantle the e-waste into respective components like glass and plastic. It would be ready in about two months, he said.
Attero in April 2013 together with IFC, a member of the World Bank Group, has launched a joint initiative -Clean E-India- to collect and recycle electronic waste by integrating informal waste collectors into an organised network mainly using reverse logistics. IFC is involved in capacity building, training and livelihood enhancements of the workforce.
According to Gupta, it is looking to involve about 2,000 people from the unorganised sector in collecting e-waste in three years. The number is now about 200. This would improve supply of e-waste to Attero for recycling while enhancing incomes to the workforce, he said.
About one million tonne e-waste could be generated in India on a yearly basis and only of the ten per cent of it is handled by the organised segment for recycling and its management. “With increased consumption of electronics, faster discard rates are driving e-waste volumes, the growing inventory of surplus and seconds electronics…” said Gupta.
Attero lists NEA-Indo US Ventures, Draper Fisher Jurvetson, Grantie Hill India Opportunity Ventures and IFC as its investors. Clean E-India has partnered with Guide Foundation for Development (GFFD) in Hyderabad last week. The partner has appointed six franchisees in Hyderabad and is now setting up collection centers at select schools, resident welfare associations and others.
An online tracking system would also be put in place measure e-waste flows in the formal sector. Similar efforts are on for Ahmedabad. Delhi would be next, he said.