Page 9 - Bullion World Volume 3 Issue 3 March 2023

Bullion World | Volume 3 | Issue 3 | March 2023

With the government's
emphasis on promoting
the growth of the
manufacturing sector
and the "Make in India"
campaign, there is
a growing focus on
developing the domestic
production of master
industries to use it as a primary jewellery sector, how do you alloys in the country.
material. Increasing silver demand see the growth potential and This presents an
may lead to environmental concerns, opportunities for Master Alloys in excellent opportunity
such as increased mining activity. India? for local manufacturers
The Indian silver jewellery sector to cater to the needs
Solutions: Recycling silver from is diverse, ranging from traditional of the Indian silver
end-of-life products can help designs to modern and contemporary jewellery industry,
mitigate the environmental impact of styles. The increasing demand thereby reducing the
increased demand. The development for silver jewellery, particularly dependence on imports.
of new and improved catalysts can among the younger generation,
reduce the amount of silver needed is expected to drive the growth of India offers huge potential for
for industrial processes. The build-up the industry in the coming years. recycling and recovering gold
of alternative materials or processes Moreover, with the government's and silver from electronic waste.
can reduce the demand for silver emphasis on promoting the growth Do you see this space as a good
in specific applications. While there of the manufacturing sector and opportunity to capitalize? What
may be challenges in meeting the the "Make in India" campaign, there challenges do you envisage in
growing demand for industrial silver, is a growing focus on developing this space?
the opportunities for innovation and the domestic production of master The recycling and recovery of
development in the field present alloys in the country. This presents gold and silver from electronic
exciting possibilities for the future. an excellent opportunity for local waste in India present a significant
manufacturers to cater to the needs opportunity due to the large amount
Your company is into master of the Indian silver jewellery industry, of electronic waste generated
alloys also; given the size and thereby reducing the dependence on in the country. Consumers are
diversity of the Indian silver imports. increasingly aware of the importance
of responsible e-waste disposal.

Challenges: Lack of proper
infrastructure and technology
for e-waste recycling. Lack of
awareness and incentives among
consumers and businesses to
recycle their e-waste. In short, while
there is a significant opportunity for
capitalizing on e-waste recycling and
recovery of precious metals in India,
there are also several challenges
that need to be addressed to realize
the full potential of this industry.

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