Cabinet approves MoU for cooperation in the field of Recycling of Construction and Demolition Waste

Image
Capital Market
Last Updated : Dec 31 2015 | 12:02 AM IST

Construction industry in India generates about 10-12 million tons of waste annually

The Union Cabinet, chaired by the Prime Minister Narendra Modi has approved the signing of a Memorandum of Understanding (MoU) between SINTEF, Norway and Central Public Works Department (CPWD) for cooperation in the development of human resource capacity building and scientific research in the field of Recycling of Construction and Demolition (C&D) Waste in India.

On 02 October 2014, the Prime Minister launched "Swachch Bharat Mission", a massive mass movement that seeks to create a clean India.

Construction industry in India generates about 10-12 million tons of waste annually. There is a huge demand of aggregates in the housing and road sectors but there is significant gap in demand and supply, which can be reduced to a certain extent by recycling C&D waste. While some of the items like bricks, tiles wood, metal, etc. are re-used and recycled, concrete and masonry, constituting about 50% of the C&D waste is not currently recycled in India.

Powered by Capital Market - Live News

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 30 2015 | 2:00 PM IST

Next Story