Page 13 - Clean India Journal - Sept 2023 Digital Edition

News Track

India’s electronics sector to

harness $7 billion untapped revenue

By 2035, via circular business model and policy pathways

joint report, prepared by revealing a remarkable untapped electronics industry’s EBITDA,
the India Cellular and potential of 35%,” says the report leading to potential revenue loss.
Electronics Association titled Pathways to Circular Economy The report presents nine bold
A (ICEA) and Accenture, in Indian Electronics Sector. policy interventions spanning
identifies six circular business Three core business models downstream, use-phase, and
models, including circular design, -- Repair, Resell, and Recycling upstream pathways. These include
repair, and resell. These models -- are already thriving in India, fostering multi-brand repair
hold the potential to reshape predominantly driven by the services, defining refurbishment
the electronics sector, fostering informal sector. Around 90% of standards, and creating a product-
economic growth and enhancing collection and 70% of recycling as-a-service framework.
its resilience. are handled by this competitive Cumulatively, the proposed
“The circular business models sector. However, only 22% of policies can generate an economic
are projected to contribute to a collected e-waste is managed by the value of $1.7 billion (net of costs)
market size of $13 billion by 2035. formal sector, revealing room for and divert 0.5 million tons of
However, through effective public- improvement, the report mentioned. WEEE (Waste Electrical and
private partnerships, the report The report highlighted that failure Electronic Equipment), focusing
suggests that the total addressable to embrace the circular transition solely on smartphones and laptops
market could reach $20 billion, could affect approx. 1-3% of until 2035. CIJ

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