Innovative Financial Advisors Pvt. Ltd. Electronic Gadgets – Boon Or Bane

Nowadays, electronic gadgets have become a necessity in our lives since they have made communication faster and easier, reduced the manual labour and improved the overall quality and experience. Due to high market demand, the electronic industries have emerged as the fastest growing segment of Indian industries in terms of production, internal consumption, and export.

Also, schools have started introducing the use of tablets for taking down notes, writing tests and completing projects. Innovative Financial Advisors Pvt. Ltd. understands that adopting e-learning in schools is an eco-friendly initiative as it saves large number of trees from being deforested for paper, but at the same time it has significantly reduced the reading and writing habits among children.

Moreover, we have also neglected the adverse impacts of rapidly increasing quantities of electronic waste on environment. Most of the electronic waste generated in our country is being sold to the informal scrap dealers where it is dismantled and recycled in a very unhealthy manner which is not only harmful to the environment but also to the person involved in recycling. The main reason behind this being lack of awareness about the issue. In addition, disposal of ever-increasing volumes of e-waste is also a major issue since e-waste cannot be dumped in open landfills because of its serious impacts on the environment. Also, large volumes of e-waste is being imported in our country informally which further adds to the problem.

With the coming up of E-waste (Management and Handling) Rules in 2012, many producer companies like Nokia have adopted the principle of Extended Producer Responsibility by collecting discarded mobile phones through take back schemes and channelizing it to the recycler registered with the Central / State Pollution Control Board. The registered recyclers dismantle the phones and separate the metal and plastic parts in it which are crushed separately using latest recycling technologies. The crushed parts are then used to make new products. Most of the materials in a phone are recovered and reused. This practice is completely environment friendly.

In view of above, efficient management of electronic waste is one of the major issues which need to be addressed urgently. For this, the initial step should be creating awareness among the people about the harmful impacts of unsustainable / informal recycling of electronic waste on environment.

Innovative Financial Advisors Pvt. Ltd., being fully dedicated towards the protection of environment shall contribute towards resolving the issue by effectively disposing its e-waste through proper channel.