Overview of Glass Recycling Business in India
Glass may be melted down and transformed into a variety of products, including drinking glasses and glass fiber. Glass is broken down into tiny pieces known as cullet and then sent to a manufacturing or recycling facility. The shattered parts are prepared for mixing with other raw materials like soda ash and sand by being crushed, sorted, cleaned, and prepared. To create new bottles of various colors and sizes, the raw materials and glass fragments are melted in a furnace and then molded. This process produces brand-new recycled bottles and jars. Did you know that it can replace recycled glass cement? Yes, I'm glad to hear that.
Table of Contents
- Overview of Glass Recycling Business in India
- Process of Glass Recycling
- Business Plan of Glass Recycling Business
- Investment Required For Glass Recycling Business
- Obtain A Business License For The Glass Recycling Business
- Budget for Glass Recycling Business
- Funding for Glass Recycling Business
- Collection of Waste Glass
- Training of Workers for Glass Recycling
- Opportunities in the Recycling Business
--------------Blog Contact Form-------------
At recycling sites, glass waste can be turned into a cement substitute that can be used as an alternative to concrete or ash. The recycling industry generates many small business ideas to help entrepreneurs start new businesses and do something for the environment. Glass is a non-destructive waste that must be recycled. Bottles and glass jars are 100% recyclable. In countries like Norway, 90% of glass comes from households and industry. Glass recycling is a great opportunity for small businesses. You can start a business in your own backyard or garage. If you intend to enter the glass processing industry, you must first understand the process.
Process of Glass Recycling
The crushed glass and bottles are fed into the feeder hopper. After that, the glass is fed into a conveyer belt, which transports the material to a hammer mill. A screen is built into the hammer, and the glass is broken to the desired proportions by a machine called a jaw crusher. The material is next passed through a magnetic cross-belt, which removes any contamination such as aluminum, steel, or plastic lids. After that, the crushed glass is melted at a high temperature and molded into the desired shape to create the completed product.
Business Plan of Glass Recycling Business
Four out of five small firms fail during the first five years due to poor planning and management abilities. Your business plan will be required if you approach a bank or an investor for finance. After you have a thorough understanding of the glass recycling industry, you must proceed to the planning stage. Do proper research and talk to people who are knowledgeable and experienced. Investigate the various varieties of glasses and their applications. Learn about the machinery and technologies used to make recycled glass. Before investing your time and money in your new venture, conduct feasibility assessments. Budgeting and forecasting will be aided by the statistics and data obtained from your feasibility studies.
Read Our Blog: Recycling Business Ideas in India
Investment Required For Glass Recycling Business
You must make your company appealing to potential investors if you want it to expand and succeed. Create a stunning brochure that includes information about your business, your team members, and the value they bring to the table.
Obtain A Business License For The Glass Recycling Business
Get a license from your local government authorities. You have to decide whether your business would be a sole proprietorship or a partnership. Hire a printer to print your business cards. Remember to put your phone number. Some major licenses which are required for the recycling business:
1. GST registration: GST stands for goods and services tax, and it was implemented on July 1, 2017, in India, replacing approximately 15 additional cascading taxes imposed by the Central and State governments. Goods and services are taxed at varying rates under GST, depending on the categories established by the Indian government. 0 percent, 5%, 12%, 17%, 18%, and 28% are the various tax slabs. Rough precious and semi-precious stones are taxed at a special rate of 0.25 percent, while gold is taxed at 3%. In addition, a 22 percent CESS on top of a 28 percent CESS Aerated drinks, luxury autos, and tobacco goods are all subject to GST. GST replaced other indirect taxes, reshaping the country's 2.274 trillion-dollar economy considerably. GST registration is required for all enterprises doing business in India, whether they are purchasing, selling, or delivering services.
2. MSME registration: Micro, small, and medium-sized businesses (MSME) are registered. Udyog Aadhar or Laghu Udyog are other names for this registration. According to their investment in the manufacturing or service sector, the entities are classified as micro, small, or medium enterprises under this registration. The fundamental benefit of MSME registration for a business entity is that it provides a unique number to the entity, allowing it to be recognized. According to MSME data, the MSME sector accounts for nearly half of total exports, 45 percent of total industrial employment, and 95 percent of industrial units that produce more than 6000 goods. The rise of these MSME industries will boost the economy while also reducing unemployment by employing a large number of unskilled and semi-skilled workers. Small-scale industries, or SSIs, are the industries that are registered under MSME.
3. Factory license: Every factory owner must register their premises with municipal authorities before launching a business, according to the Factory Act of 1948. A factory license is a document that allows you to carry out manufacturing activities with the approval of authorities. According to the Factories Act of 1948, a factory must receive clearance from the labor and employment department for its building plan before applying for factory registration. Factory license registration and renewal are also done under this statute to protect worker safety.
4. NOC from the state pollution control board: Every person who wishes to run or establish an industrial plant or any other project must first get the State Pollution Control Board's (SPCB) Consent to Operate (CTO). To put up an outlet, follow the guidelines outlined in Section 25 of the Water Prevention and Control Act of 1974. Anyone who wishes to run an industrial plant must follow the restrictions outlined in Section 21 of the Air Pollution Prevention and Control Act of 1981.
Budget for Glass Recycling Business
The quantity of money you'll need to start this firm is determined by the type of operations you intend to run. Glass recycling is a capital-intensive enterprise that, over time, pays off handsomely. You'll need to invest in recycling equipment. You'll need collection bags and bins, as well as gloves for handling and goggles for eye protection during crushing. Glass is heavy and costly to transport. To go about it, you'll need to get a pick-up truck or a van. When your company grows, you'll need to rent a storage facility or warehouse to store the glass you've collected. So decide the budget accordingly
Funding for Glass Recycling Business
If necessary, you can apply for a small business loan at your local bank or any other financial institution. If the necessity arises, you can also seek angel investors and venture capitalists.
Collection of Waste Glass
You can distribute recycling bags to residents in your neighborhood and instruct them to fill them with old glass bottles. You must also go around to pubs and restaurants collecting old bottles. Outside these places, huge containers can be placed where abandoned bottles can be deposited by the workers. Another option for collecting glass is to contact your city's municipal corporation's solid trash division. After collecting the bottles, you must wash them and remove the labels. Are you aware that simply collecting discarded glass can earn you money? You can make some money by selling them to buy-back centres for entrepreneurs. You must also register with the manufacturers as a seller. Picking up the glass is only the beginning. You must return it to your sorting yard and separate it. After that, you must transport the sorted material to your glass recycling factory in order to create new items.
Training of Workers for Glass Recycling
You will need to hire people to work for you because this line of business necessitates management and a crew. Before any interviews, make a detailed outline of your expectations and requirements, as this will help you interact with prospects more effectively.
Opportunities in the Recycling Business
According to current data from 2021, the world generates 1.2 billion tons of household waste per year and it will continue to grow. It is estimated to produce 2.2 billion tonnes of solid waste per year by 2025. The only thing we will have in the near future is waste that can be used in a very strategic and useful way. For more than a decade, people have been thinking about how to reduce waste. Before we learn more about waste recycling, we need to classify waste and its types. Waste can be turned into raw materials in many ways. The process described allows the conversion of different types of waste into useful resources. There are many modern technologies that help create wealth from waste, but there are some more traditional ones. There is a saying: "If you are smart, you can turn everything to your advantage." This also applies to waste. Once you understand waste and its importance, you can explore some ideas on how waste can be recycled and used as an efficient resource.
This portion of the site is for informational purposes only. The content is not legal advice. The statements and opinions are the expression of author, not corpseed, and have not been evaluated by corpseed for accuracy, completeness, or changes in the law.
BOOK A FREE CONSULTATION
Get help from an experienced legal adviser. Schedule your consultation at a time that works for you and it's absolutely FREE.