The drop in oil prices in India is certainly a good thing, but it is a heavy blow to the country's plastics recycling companies. In Dharavi, a well-developed plastics recycling industry, the price of recycled materials has fallen by half, forcing many companies to close down. Dharavi is one of the largest slums in Mumbai, with more than 1,000 plastic recycling workshops and more than 10,000 people. Sorting and cleaning are completely manual. Workers work 70 hours a week, with a monthly salary of $100-300. The oil price continues to be low, coupled with the high cost of electricity and the limited space in the factory. The plastics recycling industry here is struggling, which has caused many plastic companies to suffer. Ladulal Jain, president of the Plastics Recycling Association, said that the electricity cost in the Dharavi district is four times that of the Silvassa industrial area, which is 120 kilometers away. His own company also opened a factory there. It is reported that thousands of plastic recycling workers have lost their jobs. The association has submitted a proposal to the local government to set up a recycling area to ensure that the recycling company has sufficient space, tax incentives and reasonable electricity prices, so that it will not cause better plastics enterprises to close down.
Jiuzhi Plastics Network
Jiuzhi Plastics Network
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