Promoting Sustainable and Inclusive Growth by Enterprise Creation through Science & Technology Based Innovative Solutions (Sub-Sectors: Foundry Waste)
A project funded by
National Science & Technology Entrepreneurship Development Board (NSTEDB), Department of Science and Technology, Government of India
The estimated 5000 foundries in the country produce around 500,000 tonnes of waste annually. These never used to get recycled. After doing the necessary R&D with Development Alternatives, FMC has created/promoted 35 units which have replaced stone chips with foundry waste in making of paver blocks. This project has helped recycle around 83,564 tonnes of foundry waste so far. The target is to create 50 units that will recycle 1, 25,000 tonnes of foundry waste during the entire project period.
This project targets a total of 50 enterprises (40 new and 10 existing) to be established for commercialization of paver blocks made through foundry waste. A total of 35 enterprises created leading to consumption of 83,564 tons of foundry slag. The Industrial Symbiosis not only manage waste but also reaps commercial benefits for MSMEs.