INDIA WASTE EXCHANGE
India Waste Exchange is an effort to find the key drivers, challenges and opportunities for the solid waste management market and how that can be used to handle waste management issues in India. Understanding how local solutions (Wards, Villages) and Private innovative solutions (Startup’s, NGO’s) in SWM can be systematically connected to meet the waste management requirements across India. India Waste exchange is an online platform to sell and buy waste by ayone. It literally act as Flipkart or Amazon for Waste produced in the country.India Waste Exchange makes effort to bring all the players in waste management system under single platform and act as aggregator. Waste exchange will try to bridge the gap between demand and supply of the recyclable waste. It will help government entities like corporation to show case the available recyclables with them online to attract the potential buyers. Waste Exchange in an online platform which works both on PC and Mobile. This platform will act as a trading portal where buyers can bid from corporation and other players. Since it is a trading portal, zero downtime of server ha to be maintained and also this platform uses map to identify potential sellers and their details.
Waste management is an ongoing challenge due to weak institutions, chronic under-resourcing and rapid urbanization. Legislation for city level comprehensive waste management plan is not available for many cities. Urban Local Bodies (ULBs) suffer from various issues like infrastructure and capacity constraints to address the multi-dimensional problems of waste management. Not much focus on secondary market and niche segment for strengthening of waste markets. Financial constraints of ULBs and lack of incentives to public is acting as barrier for segregation at source, which is a vital component of waste management. Business model or plan showcasing the potential of city to attract public and private investments is not available.
The India Waste Exchange will act as connection between the following people.
- Urban Local Bodies with Buyers of waste, Entrepreneurs.
- Non-government entities like school, college, office and bulk waste generators with buyers.
- Urban local bodies with non-government entities in Waste Management.
The India Waste Exchange will help in the following ways.a. It reduced the amount of garbage going to landfill.b. It acted as a portal to showcase and market the amount of segregated waste available with corporation, which can bring more buyers to approach ULBs.c. E-Waste could be handled in better way since there is no clear mechanism as of now to collect and handle it.d. Repository of data on waste creation and processing will help in policy preparation process in future.e. It will encourage segregation at source.f. It will also encourage more Start-up in the field of Waste Management
The India Waste Exchange will act as connection between Urban Local Bodies with Buyers of waste, Non-government entities like school, college, office and bulk waste generators with buyers. Finally, Urban local bodies with non-government entities in Waste Management.
The “Madras Waste Exchange” was launched in December, 2019. Within three months of the launch, 700 tons of waste was processed through this platform.
To test this platform, initial pilot was done in Greater Chennai Corporation. The platform was called “Madras Waste Exchange”. It was launched in December ,2019 by GCC Commissioner.In phase one of Madras Waste Exchange, Corporations RRC’c will be listed in the platform and in second phases, this waste exchange will be scaled up horizontally and vertically. It will absorb more players in the field and other kinds of waste like e-waste etc. The Platform attracted more than thousand buyers and four hundred sellers in three months. Further, GCC sold more than 700 tons of waste in three months.