Scrap has no value but only until collected, segregated, recycled and converted into something usable. Based on the kind of scrap you are dealing with, it can have so much worth monetary as well as environmental. All you need is a competent recycling facility which can break down the scrap and convert it into usable raw material. This gives birth to an attractive business opportunity - Scrap Import Business. You can set up Scrap Import Business in India and earn a hefty profit, either by selling the scrap to recycling facilities or processing it in your own scrap recycling unit. It solves the problem of scrap accumulation in the country as well as abroad. Small countries that do not have these facilities will be ready to export such scrap and Indian businesses will flourish by importing scrap at low price, recycling it and using this cheaper recycled raw material in production.
What Is Scrap Import Business?
Many people may consider that Scrap and Waste are the same but it is not the case. Scrap is different from waste. Waste can be generated from any household or other institutions but scrap is generated during the manufacturing process. Waste can or cannot be recycled and used as raw materials but the scrap can again be used as raw material if processed appropriately. Waste can be electronic trash, broken plastic materials, metal equipment, or any other material that may or may not contain something that can be recycled and converted into a valuable and useful product. If this waste is segregated properly and reached to the recycling facility it can also be converted into raw material that can be used by the manufacturers.
In the manufacturing process of various items, the raw material goes through a long process that also involves trimming, shaving, turning and moulding. These processes generate a lot of unusable pieces of raw material. This useless trash is called Scrap. It can be metal, plastic, paper or any other material. When this scrap is bought from the manufacturing units, processed in a plant and sold to the manufacturers at a higher price, it is called Scrap Business. Many countries may not be able to process their scrap or it may not be economically beneficial for them, so they sell out their scrap to other countries. When this scrap is imported, processed and sold in another country, it is called Scrap Import Business.