Japanese metal pre-processor Nippon Magnetic Dressing Co. Ltd (NMD) has agreed to invest in the equity capital of India’s e-waste recycling company Eco Recycling Limited (Ecoreco). “The investment would not only set the strategic road map of e-waste management in India but would also give material security to the country”, said Amit Jain, Managing Director, IRG Systems South Asia Pvt. Ltd.
The strategic investment will help Ecoreco approach several producers of electronic and electrical equipment of Japan in India to provide them recycling services. K Baba, General Manager – Treasury, Nippon Magnetic Dressing Co. Ltd added that the strategic partnership with Ecoreco can facilitate E-waste recycling business in India.
