ICCI President urges development of recycling industry

[Lahore_Real_Estate]

ISLAMABAD - Pakistan is producing huge quantities of scrap in different areas. The Government should focus on promoting the remanufacturing and recycling industry to achieve better economic value from scrap material. This was said by Islamabad Chamber of Commerce & Industry (ICCI) President Mahfooz Elahi, in a statement. He said that the government should also establish a network of scrap yards which could act as a source of input material for the remanufacturing and recycling industry. He stressed that the government should support small and medium sized enterprises in developing remanufacturing and recycling plants. These plants could be set up in different areas including steel, auto, synthetic, plastic, paper and rubber sectors to develop value added products from scrap, he added. Mahfooz Elahi was of the view that the remanufacturing industry consumed less energy as compared to industrial units as only 5 per cent energy was required to re-melt aluminum than to extract it from the ore.
He said that millions of computer accessories and electronic items join scrap dumps and pose a challenge for effective disposal. However, promoting of remanufacturing and recycling industry could easily exploit its scrap to develop products of better value.
ICCI President said that the remanufacturing and recycling industry could also provide a substantial boost to the manufacturing sector and the whole economy in terms of cuts in imports and unemployment and production of cheap products. It would be an effective way to meet environmental challenges posed today. Therefore, the government should give due priority to the promotion of this industry, he stressed.