Hotline: 1800 102 2007
Hotline: 1800 102 2007
Mar, 15 2019

Cosmos Green Plans to open 8 Large Warehouses across India to Recycle Metal Scrap

The innovative firm is already handling 20,000 tons of metal scrap every year.

Cosmos Green Plans to open 8 Large Warehouses across India to Recycle Metal Scrap

Cosmos Green FZE, a UAE based metals recycler, is opening 8 new warehouses in Mumbai, Gujarat, and Chennai at which it will process and recycle metals’ scrap. From its base in NCR Delhi, Cosmos Green is expanding across India.

The innovative firm is already handling 20,000 tons of metal scrap every year and will now open warehouses in the mentioned cities as they provide easy access to ports, located near to metal manufacturers’ production plants and have ample space.

The vision behind the metal scrap warehouses stems from the realization that shortage of scrap in India leads to metal production from virgin material leading to pollution, higher energy consumption and depletion of natural resources. By creating large metal scrap warehouses, Cosmos Green expects to preserve natural resources, conserve energy, and deliver high-quality metal to Indian manufacturers at low cost and thus promote metal recycling.

The metal scrap Cosmos Green will recycle will be bought primarily from the US and Europe. By 2024, Cosmos Green expects to recycle 1,80,000 tons of metal scrap each month; a significant proportion of the approx 17,00,000 tons of metal scrap demanded each month by Indian metal manufacturers. 

Rajat Kapur, CEO & Founder, Cosmos Green FZE, said “We’re proud of what we’ve accomplished in India in such a short time span. By expanding and creating large warehouses in key parts of India we will be able to recycle metals imported from overseas efficiently and supply metal to manufacturers at a low cost. Our strength lies in our innovative model that’s a win-win for manufacturers, society, the environment, and Cosmos Green. Within a few short years, we expect to supply large quantities of metal to domestic metal manufacturers through our warehouses and in the process help preserve resources and better the environment.”

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Facility Management
    About:     TalbotFORCE aims to redefine the facilities management and hygiene sector..
    Locations looking for expansion Haryana
    Establishment year 2019
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Juices / Smoothies / Dairy Parlors
    About Us: We are setting up a low-cost Beverage shop and..
    Locations looking for expansion TAMIL NADU
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater CHENNAI TAMIL NADU
  • Biker's Accessories
    Two wheeler market size of India is 18 million units..
    Locations looking for expansion Haryana
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Quick Service Restaurants
    About Us: Kev’s Café is a renowned brand established in 2001..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
Entrepreneur
Magazine
sme-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities