Circular economy model in Electronics and High-Tech Sector- A study of sustainable business management in India

In India, the initiative towards industrial development started since 1991.The increase in income, growth of industrial sector and change in consumption pattern of the people cumulated in to increase in demand for industrial products. Affiliation towards foreign sector also led to increase in imports and large-scale production of electronic and consumer durable goods. Majority of rural and urban households owns these goods and also change it as and when the new fashion and trend arrives in the market. In this context there is a need to study the introduction of circular economy model in order to reduce solid waste and unnecessary increase in landfills. The new term circular electronics focus on consumer durable- electronics and hightech sector. This research study is based on secondary data confined to the discussion on the alarming increase in non-degradable waste and the importance of introduction of purely circular economy business management model to support the highly increasing electronic goods manufacturing sector- Use, Reuse, Refurbish.Keywords: Circular economy, manufacturing sector, Business models, consumer durable, land fills