Sustainable circularity is extremely important considering the size of the Indian market, said Rajesh Menon, Director General, SIAM, at the International Conference on Sustainable Circularity.
Organised by SIAM in association with European Union: Resource Efficiency Initiative (EU-REI), he said from a sales point of view, India is ranked the third-largest economy for passenger vehicles. Decarbonisation, stringent regulations and technical norms for environmental protection, sustainable goals, fuel efficiency, and sustainable mobility are all aspects SIAM is looking forward to achieving.
Aimed at bringing together Industry Stakeholders and Government representatives at the highest level to create a pathway to Circular Economy in India, the conference was themed “Recycling in Indian Mobility Context”.
Dr Michael Bucki, Head of the Department, European External Action Service, added, “We are working together and are finding opportunities for mutual learning in areas including electrification, dependency on the value chain and cost-effective technologies for sustainable living. In order to lower CO2 emissions, we require an open strategic anatomy for a sustainable tomorrow.”
Vinod Aggarwal, President, SIAM and MD & CEO, VECV, said, “Developing a circular economy and adapting alternative low emission fuels are the other two verticals of sustainability.”
The practice of recycling vehicles is expanding rapidly, and it's anticipated that two crore vehicles would be recycled by 2025, furthering Atmanirbhar Bharat's recycling objectives, he added, stating that this will not only promote employment growth but also optimise workers' health and safety.
Adding to this, Arun Kumar Mishra, Chairperson, National Human Rights Commission of India and Former Supreme Court Judge & Former Chief Justice of Kolkata and Rajasthan High Courts, said that to achieve sustainable development goals, a paradigm shift from short to long-term goals is essential. He also unveiled the context paper and streaming of the sustainable circularity initiative.
Mishra believes that by applying sustainable circularity, we can save 25% more energy, contribute 25% less industrial waste, 40% less air pollution, conserve 60% more water, and lessen greenhouse gas emissions by 44%.
Paresh Goyal, Director, Ministry of Road, Transport and Highways, Govt. of India, stated that a licenced auto wrecking facility is needed to fully utilise all materials and further minimise reliance on raw materials.
“Given that the development and implementation of policy is at a critical stage, timing is important,” he said.
Sanjay Mehta, President MRAI and Director, MTC Group, noted that the most important aspect of the ELV scrappage policy is that it can lead to a decrease of eight million metric tonne of steel which can be recovered and utilised will be the most effective aspect of the ELV scrappage policy”.
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