E-waste sector to create half million jobs by 2025: IFC
Green is good not only for the health of the individuals but also for the economy. The electronic waste sector has the potential to create 4.5 lakh direct jobs by 2025 and another 1.8 lakh jobs in the allied sectors of transportation and manufacturing, as per International Finance Corporation, a member of the World Bank group.
The IFC, which has been working in the e-waste sector since 2012, stated that under a programme launched by it in 2017, over 4,000 metric tons of e-waste has been collected from citizens and corporations and recycled responsibly.
Applauding the efforts of the IFC at the conference on 'E-Waste Management in India: The Way Forward', Environment Ministry official Sonu Singh stated that the government was happy to see the commitment from the IFC in helping the sector grow in a responsible manner. The minister added,
"The e-waste sector has significant potential to contribute to the country's economy and generate employment. The electrical and electronics industry has been cooperating with the government and has shown considerable initiative for handling e-waste responsibly.”
Singh further stated that if the responsibility is shared between the government, producers, and consumers of e-waste, then efficient management of e-waste can be successfully achieved in India. The government is happy to see the commitment from IFC in helping the sector grow in a responsible manner.
IFC’s predictions are in tandem with the report released by the International Labour Organization (ILO) last May which stated that 24 Mn new jobs will be created globally by 2030 if the right policies to promote a greener economy are put in place. Job creation has become a major issue in India, ahead of the May elections, and any respite to reduce the mounting joblessness is something that everyone is readily looking forward to.