Greentech Lead India: A2Z Group, a clean technology,
energy and infrastructure management company, and Dataserv Group, a recycling
of e-Waste company, have formed a joint venture company in India, A2Z Dataserv.
A2Z Dataserv will provide environmentally responsive
recovery and disposal of IT assets in India. The company will invest Rs 20
crore to set up a plant and facility at Sohna in Gurgaon, with a capacity of
10,000 tons per annum.
“With the growth in the IT sector in India, responsible
and secure disposal of IT assets has been a cause for concern for a long time.
Currently, only 5 percent of the e-waste generated in India is recycled, and
this is way below the global standards. At weensure, we would strive to provide
an effective and efficient solution, for securely and responsibly recycling and
managing the ever-growing electronic and electrical waste generated in the
country,” said Amit Sardana, managing director, A2Z Dataserv.
The joint venture company will manage waste from
electronic and electrical equipment in India, UAE and Saudi Arabia. The
worldwide market for e-waste materials is expected to increase to nearly $116
billion in 2014 at a 5 year compound annual growth rate of 8.9 percent.
The company will offer its clients a complete end-to-end
solution for collection & recycling of waste from electrical and electronic
equipment (WEEE), recovery of spares and electronic components, remarketing and
asset management (REUSE).
A2Z Group is providing integrated waste management
services across multiple cities in India and operating Asia’s largest
integrated solid waste management plant.
Dataserv Group claims that it is the co-founder of StEP
initiative set up by the United Nations and is the world’s largest remarketer
of used electronic goods and a leading player in offering take back services to
global OEM’s Extended Producer Responsibility (EPR).
“We are proud to partner with the A2Z Group for
this initiative, and are confident that together we would be able to make a
difference towards responsibly managing electronic and electrical waste in an
environment friendly manner,” Thomas Holberg, group director, Dataserv Group
Holdings.