Cosmos Green FZE, a UAE based metals recycler is opening 8 new warehouses in
Mumbai, Gujarat, and Chennai at which it will store and recycle metals. From
its base in NCR, Cosmos Green is expanding across India. The innovative firm is
already recycling 10,000 tons of metal scrap every year and will open
warehouses in the mentioned cities because they provide easy access to ports
and have ample space.
vision behind the metal scrap warehouses stems from the realization that metal
manufacturers in India extract metal from iron ore leading to pollution 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. The metal scarp
Cosmos Green will recycle will be bought 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 5,00,000 tons of metal scrap demanded each month by Indian
of $3 million for the Indian arm of Cosmos Green was provided by the promoters
and the company is in discussions with private equity firms to raise $120
million in 4 tranches. The planned warehouses will measure 50,000 square feet
in area and be equipped with mini furnaces, shredders, and will have ample
storage space. Investment in each warehouse will be 2 crores and the remaining
capital will be used to purchase machinery and procure scrap.
Speaking about its expansion across India, Mr. Rajat Kapur, CEO & Founder 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 manufacturers through our warehouses and in the process help preserve resources and better the environment.”
Cosmos Green is a dazzling startup active in the space of metal scrap recycling. It was founded by Mr. Rajat Kapur in the UAE in 2015 and has made a presence in India since January 2019 with opening of its three scrap processing yards. The company collects, processes & recycles all kinds of metal scrap, collected domestically as well as imported from developed nations and is working on to bring best global practices in this field along with other innovative technological ways of metal scrap recycling. The group is having strategic partnerships with scrap consumers in India as well as shredders in Europe and USA.
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