Indian recyclers continue to invest into tyre recycling verticals, expanding the existing capacities as well as setting-up new plants
With increasing demand for tyre shred in the domestic market, Indian recyclers are setting up tyre recycling units overseas, collect tyres, recycle them into shreds and ship them to India for further value addition.
India is the largest importer of scrap tyres globally and considerable volumes of scrap tyres are imported from Australia. Chetan Joshi-backed Tyre Collection Australia started in 2018 in Melbourne is also engaged in tyre recycling.
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