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Mumbai's metal recycling sector plays a crucial role in supporting the city's environmental initiatives, boasting a capacity of over 9,900 metric tonnes per month. Currently, it recycles more than 6,930 metric tonnes monthly.

Industry groups like the Material Recycling Association of India are pushing for formal recognition and dedicated scrap yards. The foundry industry, projected to grow from $23.6 billion in 2024 to $42.5 billion by 2029, emphasizes recycling to reduce mining reliance and greenhouse gas emissions. The upcoming 74th Indian Foundry Congress and IFEX 2026 will address innovations in recycling and sustainable manufacturing practices, with a focus on technology integration and circular economy principles.