Financial Daily from THE HINDU group of publications
Thursday, Mar 25, 2004

Cross Currency

Group Sites

Industry & Economy - Environment

Waste management is big business now

Our Bureau

Hyderabad , March 24

GONE are the days where hazardous chemicals and municipal waste were considered as major environmental concerns in Andhra Pradesh.

Now these wastes have turned out to be major business avenues, thanks to the innovative methods of power generation from hazardous chemicals and municipal waste, according to the AP Principal Secretary for Environment and Science and Technology, Mr T. Chatterjee.

The situation has already reached the stage where the State is currently not in a position to produce the amount of waste that is required for generation of power. It now needs 175 tonnes of waste per hour to generate power and is running far short of such a quantity.

Addressing a seminar on `Environmental best practices' organised by the Confederation of Indian Industry (CII) here on Wednesday, Mr Chatterjee said the biomedical waste management has also become an attractive business proposition, yielding a profit of Re 0.50 per bed in the twin cities of Hyderabad and Secunderabad alone. At present, the healthcare industry in the twin cities has a capacity of over 19,500 beds.

"Most of the AP-based industrial houses have become good corporate citizens on the environmental aspect. And it is not because of their concern for environment but mostly due to benefits they are getting from the waste management measures. The common effluent treatment plants in the industrial areas are now earning attractive incomes," he said.

Realising the potential in the area of waste management, banks and financial institutions have started lining up before such companies doing business with waste.

With the State Government encouraging projects for producing bio fuels that were generating assured returns in the range of around 400 per cent, the lending institutions have turned aggressive to fund these agro-business units, he said.

According to Mr Chatterjee, the competition to set up power projects based on the municipal waste has inflated substantially.

"Ring formations, which were predominant in businesses such as arrack and beedi leaf tenders, have now become a common scene in the waste management projects. As a result of this, the Government had to keep in suspended animation the power projects in several cities and towns in the State."

While a number of companies were now coming forward to set up power producing units from hazardous chemicals and municipal waste, the situation has eased the burden of environmental management on most of the companies, especially in the chemicals and pharmaceuticals sector.

"Keeping this in view, the State Government has decided to entrust the responsibility of environmental management to one single operator in the proposed Pharma City.

The operator in turn would charge service fee from the chemical and pharmaceutical companies in the Pharma City. Inspired by the model, several multinationals have come forward to set up their units in the Pharma City and have already bought over 60 per cent of the land in the project.

The demand is so high that small and medium sized units now cannot afford to buy land in the project," Mr Chatterjee said.

More Stories on : Environment | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Depth of desperation

Removal of dumping duty on ammonium nitrate mooted
Bid to tap cost-effective market — US law firms ship project work to India
To achieve double-digit economic growth — FICCI conference to review legal, judicial systems
Waste management is big business now
Sino-Indian team discusses trade prospects
`Free, fair trade is the only forward way for America'
Raise TB awareness level, says PM
Manga's jaws are now in action
Life Sciences Alliance to organise meet in Goa
Reliance Energy revamps bill for Mumbai customers
Textiles pull down overall export growth
`EOUs must be converted to domestic tariff area units'
`Zero-for-zero approach could be best bet in post-MFA regime'
Kerala Govt to accord highest priority to water conservation
Indian chamber bid to explore business opportunities in Gulf
Infighting marks Calcutta tea body poll
`Dairy sector must increase productivity'
`BJP favours allowing FDI in real estate, retailing'
IPR seminar on Friday at Kochi
Kerala: `Micro housing' initiative on anvil
Kudumbasree units of Kochi to widen operations
`Movement of labour, key facet of trade in services'
`Thinking' fencing system at HAL
`Financial Press must act as friend, philosopher & guide'
International food tech show at Hyderabad
Lecture on communication by PRSI
Teachers urged to develop students' skill
In Hyderabad today
Mills favour raw sugar imports by actual users — Shipments into the country top 1 lakh t
Tea Board raises 2003 export figures
Familiarisation trip for UK travel journalists
5 cos register for Green Globe Certification

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line