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Financial viability and problems of manufacturers dealing in waste based business

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Sukhmani and Sandeep Kapur

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Abstract

Indian Journal of Economics and Development
Year : 2015, Volume : 11, Issue : 3
First page : ( 751) Last page : ( 754)
Print ISSN : 2277-5412. Online ISSN : 2322-0430.
Article DOI : 10.5958/2322-0430.2015.00082.7

Financial viability and problems of manufacturers dealing in waste based business

Sukhmani*, Assistant Professor, Kapur Sandeep, Director
School of Business Studies, Punjab Agricultural University, Ludhiana-141004

*Email: sukhmani@pau.edu

JEL Classification: F12, L21, L25, O14

Online published on 6 August, 2015.

Abstract
Waste is usually perceived as the problem for many reasons. Waste based business is one answer to address the problem of waste. This paper gives a financial insight into the manufacturers already dealing in waste based business as well as the various problems faced by such manufacturers across three states. Return on investment was calculated for 150 units using agricultural, tyre, plastic and paper waste. The highest return on investment was found to be in Himachal Pradesh closely followed by Punjab and Haryana. Recycling business model was extensively used in Himachal Pradesh whereas value from waste model was used in Punjab. The main problems faced by manufacturers dealing in waste based business were requirement of huge financial resources, low utilization of plant capacity and limited access to distribution channels.