HomeNewsBusinessDATA STORY: Every year India loses gold worth Rs 6,347 crore as part of e-waste

DATA STORY: Every year India loses gold worth Rs 6,347 crore as part of e-waste

In 2016, India disposed of 728 kilotonnes (kt) Iron, 96.8 kt copper, 110.6 kt Aluminium, 71 tonnes silver, 22 tonnes gold and 9 tonnes palladium. That means, the country discarded gold and silver worth Rs 6,347 crore and Rs 300 crore

January 09, 2018 / 09:54 IST
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India is throwing away valuables including precious metals such as gold, silver, palladium worth over Rs 18,677 crore as electronic waste every year.

According to a report by the International Telecommunication Union (ITU), a UN agency working in the field of information and communication technologies, India discarded about 2 million tons, i.e. 2,000,000,000 kg electronic waste (e-waste) in 2016. And, the number is increasing steadily every year.

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Globally, the world produced about 44.7 million tonnes e-waste in 2016 which is equal to the weight of 4,500 Eiffel towers. The per capita generation of e-waste was pegged at 6.1 kg. The e-waste contained metals and plastic worth Rs 4.21 lakh crore.

Components of e-waste