Telecommunications sectors. In the |
market. Since, in India, majority of the |
coming years, as the technology |
E-Waste is processed by the |
advances, lifespan of products would |
unorganized sector, introduction of |
become shorter, resulting in |
stringent regulations is expected to |
replacement of existing products with |
significantly benefit the organized |
the new ones, which would result in |
players over the next five years.” said |
further increasing generation of E- |
Mr. Karan Chechi, Research Director |
Waste. |
with TechSci Research, a researchbased |
According to a recently published report |
global management consulting |
by TechSci Research,“ India E-Waste |
firm. |
Management Market Forecast and |
India’ s E-Waste market has been |
Opportunities, 2019”, the country’ s E- |
divided into various segments including |
Waste market is expected to grow at a |
IT and Telecom, Large Household |
CAGR of around 30.6 % during 2014- |
Appliances and Consumer Electronics. |
19. The Southern and Western regions |
Some of the key products generating |
are the largest contributing regions in |
most of the E-Waste in the country |
the country’ s E-Waste market due to |
include PCs, mobile phones, |
the presence of various IT hubs such as |
refrigerators, washing machines, |
Chennai, Bangalore and Hyderabad. |
laptops, televisions, etc. Attero, |
However, the country’ s Western and |
Ecoreco, SIMS Recycling, Earth Sense |
Northern regions are also growing at a |
Recycle, and TSS-AMM are the major E- |
significant rate due to introduction of |
Waste recycling and management |
new recycling facilities, especially in |
players operating in the country. These |
Delhi / NCR region. |
players are focusing on increasing |
“ The enforcement of E-Waste |
consumer awareness, while also |
management laws by the government of |
working towards bridging the gap |
India for proper and regularized |
between the organized and unorganized |
management, disposal and recycling of |
E-Waste management market in India. |
E-Waste is setting a new trend in the | |
Most Indian insurance companies expect to increase their IT |
businesses in the domestic market. |
budgets in 2016, and are expected to spend 140.8 billion |
This is driving continued strong growth in IT services, |
rupees on IT products and services – a 9.6 percent increase |
especially consulting services, and also enterprise software. |
over 2015. This forecast includes spending by insurers on |
Spending on IT services is forecast to reach Rs. 45.2 billion, |
internal IT( including personnel), hardware, software, |
which is 32 percent of all insurance IT spending. Enterprise |
external IT services and telecommunications. |
software spending, which includes enterprise resource |
Indian insurers are prioritizing their technology investments |
planning( ERP), supply chain management( SCM), and |
for 2016 into digitalization, and particularly analytics |
customer relationship management( CRM), is forecast to |
capabilities. They are primarily looking to digital to grow their |
grow 22 percent in 2016, to a total of 948 million rupees. |