Think Scrap!

Sell your recyclables online with Think Scrap!

Paper - Plastics - Metals - Appliances

How It Works?

Why Us
 Think Scrap!
(B2C and B2B)

Systematic Change in India's Recyclable Waste Management

Detailed Project Report

Master of Business Administration

Sri Sri University

CUTTACK -754006

Date 16thApril 2023

Under the guidance of

Dr. VISHAL SOOD

Founder of Think Scrap- Amlan Mishra

Co- Founder- Vegulla Manikantha

Co- Founder- Ajay Kumar Sabat

 Executive Summary

Our start-up named Think Scrap has a goal to solve India's difficulty with the
handling of recyclable waste. It is a B2B and B2C model

We have digital platforms which connect various stakeholders- The

Manufacturers, The aggregators and The recyclers in the recycling supply
chain ensures complete transparency and traceability.

Households can book a hassle-free doorstep scrap pickup through our

smartphone app, which is carried out by local Think Scarp trained & verified
partner vendors . Similar to this, we offer small and large businesses solutions
that link them with scrap recyclers and aggregators, as well as facilitate formal
invoicing and payment ways between them.

Households & Businesses have different needs

and we cater to each of them
 TABLE OF CONTENTS
S.N Contents Page No.
1 Executive Summary 03
2 Mission Vision 05
3 Objectives 06
4 Introduction 07
5 Process 08
6 Background 09
7 SWOT ANALYSIS 10-11
8 Layout of the project 12
9 Equipment & Process Technology 13
10 Environmental Impact Assessment 14
11 Commercial aspects 15
12 Financial Aspects 16-19
 MISSION VISION
Mission: To create a sustainable and efficient waste management system in
India through the use of digital platforms that connect manufacturers,
aggregators, and recyclers for complete transparency and traceability.
Vision: To achieve a circular economy in India where waste is considered a
resource that can be reused, recycled, and repurposed, leading to reduced
environmental impact, natural resource conservation, and economic
development.
 OBJECTIVES:
 To increase coordination and efficiency among manufacturers,
aggregators, and recyclers in the waste management process.
 To reduce the amount of waste sent to landfills and promote recycling
and repurposing of materials.
 To reduce the environmental impact of waste management practices
and conserve natural resources.
 To create economic opportunities and development through sustainable
waste management practices.
 To ensure complete transparency and traceability in the recycling supply
chain through the use of digital platforms.
 To promote a circular economy in India where waste is viewed as a
resource rather than a problem to be disposed of.
 INTRODUCTION
 India has been facing severe environmental challenges due to the increasing
amount of waste generated every day. The inefficient waste management
system and the lack of awareness among citizens have contributed to the
increasing pollution levels in the country. However, a systematic change in
India's recyclable waste management, which includes the use of digital
platforms to connect various stakeholders, can help address these challenges.

The use of digital platforms can improve the efficiency of the recycling supply
chain by connecting manufacturers, aggregators, and recyclers, ensuring
complete transparency and traceability. This can lead to increased
coordination between stakeholders, leading to cost reduction and improved
waste management practices. Additionally, the use of digital platforms can
create new market opportunities for businesses and investors, leading to the
development of new technologies and services in the recycling sector.

However, the adoption of digital platforms in the recycling sector may require
significant investment in technology and infrastructure, as well as changes in
the behaviour of stakeholders. The lack of awareness and government policies
can also pose challenges to the adoption of environmentally responsible waste
management practices.

Despite these challenges, the systematic change in India's recyclable waste

management can bring significant benefits to the environment and the
economy. By identifying and addressing potential weaknesses and threats,
businesses and stakeholders can work together to ensure the successful
implementation of a more sustainable waste management system.
 

PROCESS
Step1-The first step in the scrap recycling process is the collection of scrap
materials. This includes everything from metals, plastics, paper, and electronics
to industrial waste, construction waste, and demolition debris. Scrap materials
can come from a variety of sources, including households, businesses, and
manufacturing facilities.

 Step 2-Once collected the scrap materials are transported to a recycling plant
or unit for sorting and processing. The sorting process involves separating the
different types of materials based on their composition and quality. This helps
to ensure that the materials are processed correctly and that the end products
meet the necessary quality standards.

Step 3-After sorting, the materials are processed in a variety of ways

depending on their type. Metals, for example, are typically shredded, melted,
and purified before being sold to manufacturers to create new products.
Plastics are also shredded and melted before being used to create new
products or as fuel for industrial processes.

 Step 4-The final step in the scrap recycling process is the distribution of the
recycled materials. This involves selling the materials to manufacturers who
can use them to create new products. By recycling scrap materials, the
recycling industry helps to reduce the need for virgin materials, conserving
natural resources and reducing the environmental impact of manufacturing.

In conclusion, scrap recycling plants and units are essential components of the
recycling industry. They play a critical role in the collection, sorting, processing,
and distribution of scrap materials, turning waste into valuable resources that
can be reused or sold. By reducing the need for new materials and conserving
natural resources, scrap recycling has both environmental and economic
benefits.
 BACKGROUND
Our Startup is not just about protecting the environment, it is also about
generating income by selling recyclables. Recycling can create jobs, reduce
landfill waste, and conserve natural resources. By selling your recyclables, you
can not only earn some extra cash but also contribute to a cleaner and
greener future.

Here are some reasons why you should sell your recyclables:

Reduce waste: By recycling, you are helping to reduce the amount of waste
that goes into landfills. Landfills take up valuable space and contribute to
greenhouse gas emissions. Recycling helps to reduce the amount of waste
that goes into landfills, which helps to preserve the environment.

Conserve resources: Recycling helps to conserve natural resources by

reducing the need to extract new raw materials. When you recycle, you are
helping to reduce the demand for raw materials like trees, minerals, and fossil
fuels.

Create jobs: Recycling creates jobs in the recycling industry. By selling your
recyclables, you are supporting this industry and helping to create jobs for
people in your community.

Earn money: Selling your recyclables can help you earn extra cash. Many
recycling programs pay for recyclable materials like aluminium, plastic, and
glass.

Overall, selling your recyclables is a win-win situation. You can help to protect
the environment, conserve natural resources, create jobs, and earn extra cash
all at the same time. So, start collecting your recyclables today and take them
to a recycling centre near you!
 SWOT ANALYSIS
Strengths:

 Increased transparency and traceability in the recycling supply chain,

leading to more effective waste management
 Improved coordination between stakeholders, leading to increased
efficiency and cost reduction
 The use of digital platforms can create new market opportunities for
businesses and investors

Weaknesses:

 The implementation of digital platforms may require significant

investment in technology and infrastructure
 The adoption of new technology may require significant changes in the
behaviour of stakeholders
 There may be resistance from traditional waste management systems
and stakeholders

Opportunities:

 The systematic change in India's recyclable waste management can

create new revenue streams for businesses through the sale of
recyclable materials
 The adoption of environmentally responsible waste management
practices can enhance the reputation of businesses and improve their
brand image
 The implementation of digital platforms can lead to the development of
new technologies and services in the recycling sector

Threats:

 The lack of awareness among stakeholders regarding the benefits of a

systematic change in recyclable waste management can pose a threat to
its adoption
 The lack of government support and policies can hinder the
development and adoption of digital platforms in the recycling sector
  The presence of illegal and unregulated waste management practices
can pose a threat to the adoption of environmentally responsible waste
management practices

Overall, the systematic change in India's recyclable waste management,

including the use of digital platforms, has the potential to bring significant
benefits to the environment and the economy. By identifying and addressing
potential weaknesses and threats, businesses and stakeholders can work
together to ensure the successful implementation of a more sustainable waste
management system.
 LAYOUT OF THE PROJECT
To implement the use of digital platforms to connect various stakeholders in
India’s recyclable waste management, a systematic approach can be taken. The
following steps can be included in the project layout:

Research and analysis: the first step would be to conduct a comprehensive

analysis of the existing waste management system in India, identifying the
challenges and areas that need improvement. This analysis can include data on
waste generation, collection, segregation, transportation, and recycling.

Stakeholder identification: the next step would be to identify the key

stakeholders involved in the waste management system, including
manufacturers, aggregators, recyclers, and citizens. The stakeholders can be
mapped out to determine their roles and responsibilities in the recycling
supply chain.

Digital platform development: based on the research and analysis, a digital

platform can be developed to connect the stakeholders involved in the
recycling supply chain. The platform should include features such as real-time
tracking, communication tools, and data analytics capabilities to ensure
transparency and traceability.

Pilot testing: once the digital platform is developed, it can be piloted in a

specific region to test its effectiveness and identify any areas that need
improvement. The pilot testing can involve a small group of stakeholders,
including manufacturers, aggregators, recyclers, and citizens.

Scaling up: After successful pilot testing, the digital platform can be scaled up
and implemented on a larger scale. The platform can be promoted through
awareness campaigns to encourage stakeholders to use it and increase
participation in the waste management system.

Monitoring and evaluation: regular monitoring and evaluation of the digital platform
and the waste management system as a whole are crucial to ensure its effectiveness and
identify any areas that need improvement. Data analytics can be used to track the progress
of the system and identify areas for improvement.

Overall, the implementation of digital platforms to connect various stakeholders in India's

recyclable waste management can bring about systematic change and improve the
efficiency and effectiveness of the waste management system.
 EQUIPMENT & PROCESS TECHNOLOGY
In addition to the use of digital platforms, equipment and process technology
can also play a significant role in bringing about systematic change in india's
recyclable waste management. The following equipment and process
technology can be included in the project:

 Waste collection and segregation equipment: the use of advanced

waste collection and segregation equipment can help improve the
efficiency and accuracy of waste collection and segregation. Equipment
such as automated waste collection systems and waste sorting machines
can help reduce the amount of non-recyclable waste in the recycling
supply chain.

 Recycling equipment: the use of advanced recycling equipment can

help increase the efficiency and effectiveness of the recycling process.
Equipment such as shredders, balers, and composting machines can
help reduce the volume of waste and improve the quality of recyclable
materials.
 Waste-to-energy technology: waste-to-energy technology can be
used to convert non-recyclable waste into energy. This technology can
help reduce the volume of waste that goes to landfills and generate
renewable energy.

 Process optimization: process optimization techniques can be used to

improve the efficiency of waste management processes. Techniques
such as lean manufacturing and six sigma can be used to identify
inefficiencies in the recycling supply chain and implement
improvements.

 Reverse Re-Engineering

Overall, the use of advanced equipment and process technology can help
improve the efficiency and effectiveness of India's recyclable waste
management system. By combining the use of digital platforms with advanced
equipment and process technology, systematic change can be brought about
in the waste management system, resulting in a cleaner and more sustainable
environment.
 ENVIRONMENTAL IMPACT ASSESSMENT
An Environmental Impact Assessment (EIA) is a process of evaluating the
potential environmental impacts of a proposed project or development. In the
context of a systematic change in India's recyclable waste management, an EIA
can help to identify and evaluate the potential environmental impacts of the
use of digital platforms to connect various stakeholders in the recycling supply
chain.

One potential environmental impact of the use of digital platforms in the

recycling sector is the generation of electronic waste. Electronic waste, also
known as e-waste, can contain hazardous materials that can pose a risk to
human health and the environment if not properly managed. The use of digital
platforms may require the disposal of old electronic equipment and the
acquisition of new, more advanced technology. An EIA can help to assess the
potential environmental impacts of e-waste generation and disposal and
identify ways to minimize these impacts.

Another potential environmental impact of the use of digital platforms in the

recycling sector is energy consumption. The operation of digital platforms
requires significant energy consumption, which can contribute to greenhouse
gas emissions and climate change. An EIA can help to identify the potential
energy consumption of the digital platforms and assess ways to minimize
energy use, such as using renewable energy sources.

In addition to these potential impacts, an EIA can also help to identify and
evaluate the potential environmental benefits of the use of digital platforms in
the recycling sector. For example, increased transparency and traceability in
the recycling supply chain can lead to more effective waste management
practices, reducing the amount of waste that is disposed of in landfills and
reducing the environmental impact of waste disposal.

Overall, EIA can help to ensure that the use of digital platforms to connect
various stakeholders in the recycling supply chain is implemented in a manner
that minimizes potential environmental impacts and maximizes environmental
benefits.
 COMMERCIAL ASPECTS
Sale of recyclable materials: Once the waste is processed, we can reuse the
recyclable materials for other companies. The revenue generated from the sale
of these materials can contribute to your overall income.

Technology: Investment in technology that can help streamline our

operations and reduce costs. This may include GPS tracking systems for our
collection vehicles, software to manage customer accounts, and data analysis
tools to help you optimise our operations.

Implement a successful logistics strategy: A comprehensive logistical

strategy to guarantee timely collection and recycling trash processing. This
involves streamlining the collection routes, planning pickups for times that are
convenient for consumers, and making sure that material collections are
processed quickly.

Build a strong team: By hiring workers that are dedicated to the goal and
vision of our business. To guarantee that our team is prepared to offer
our clients high-quality services, offer training and continuing support.

Partnerships and sponsorships: partner with other businesses and

organisations to promote services or to sponsor certain waste collection
events. This can provide an additional stream of revenue and exposure to new
customers.

Consulting services: provide consulting services to other companies and

organisations on best practises for waste management and sustainability. This
can include waste audits, advice on waste reduction and recycling initiatives,
and overall sustainability strategies.
 FINANCIAL ASPECTS

Options to raise funding:

1. Seed funding
2. Incubators
3. EQUITY
4. LOANS

Our option- incubators-

 We get mentoring and advice

 We get working office ( genuine less price)
 We get industry people involvement
 We know about new programs and grants

Acquiring of funds

Total capital required: 10 crores

Incubator – 30 lakhs

Equity – 6 crores

Bank loans – 3.7 crores (11% Approx.)(Rs- 3.75 Including

Interest)

Processing and earning:

Revenue- 20-25 lakhs (Approx. per month) expected

By weight- 200 tonnes (from household) (B2C)

If revenue is 20 lakhs (Approx )

Payback period = 100000000/24000000= 4.16 years

If revenue is 25 lakhs (Approx)

Payback period = 100000000/30000000= 3.33 years

We can get the payback in between 3.33 - 4.16 years

PARTNER SHIP:
 Swachh Bharat Abhiyan: the Swachh bharat abhiyan is a flagship
program of the government of india aimed at achieving a clean and
healthy india. The project can be eligible for funding under this
program.
 Corporate social responsibility (csr) funds: companies operating in
India are required to allocate a certain percentage of their profits
towards CSR activities. The project can be eligible for funding from
such funds. For example, tata steel has invested in a waste-to-energy
project in odisha.
 United Nations Development Programme (UNDP): UNDP
provides funding for sustainable development projects, including
waste management projects. The project can be eligible for funding
under undp's programs.
PRICING:
 High Profitability- Electronic items
 Low Profit Margin- Newspaper/ Cardboard items-45% Gross Profit from
customer to recycler, but the volume remains high for these items, more
logistics are involved and money is mostly involved in this part.
THANK YOU