MKS PAMP GROUP and Karo Sambhav Partner to Boost E-Waste Recycling
MKS PAMP GROUP and Karo Sambhav announced that the two companies are moving towards a strategic partnership to advance e-waste recycling and the recovery of precious metals as well as critical raw materials in India.
January 24, 2025. By News Bureau
The announcement was made at the World Economic Forum (WEF) Annual Meeting 2025 in Davos, in the presence of François Bonnici, Director of the Schwab Foundation for Social Entrepreneurship and Head of Foundations, World Economic Forum; Marwan Shakarchi, CEO of MKS PAMP GROUP; and Pranshu Singhal, Founder of Karo Sambhav.
Leveraging the two companies’ complementary strengths, the collaboration aims to address the growing e-waste challenge. MKS PAMP GROUP has established presence in India through its subsidiary MMTC-PAMP and has a state-of-the-art recycling facility in Haryana, opened in 2022 to serve local industrial and secondary markets.
Meanwhile, Karo Sambhav’s expertise in e-waste management positions it as an ideal partner for developing cutting-edge e-waste recycling infrastructure, technology and ecosystem. Together, MKS PAMP GROUP and Karo Sambhav aspire to create scalable solutions for sustainable resource recovery in India.
India, the third-largest generator of e-waste globally, produced over 4.1 million tons in 2022, representing more than 10 percent of global e-waste, according to the Global E-waste Monitor 2024 Report. However, there are significant gaps in collection and recycling e.g. there are no best-in-class recycling solutions for printed circuit boards (PCBs) and components. This partnership seeks to bridge these gaps by creating a robust and scalable infrastructure for sustainable e-waste management.
“This collaboration will mark a critical step toward addressing one of the most pressing environmental challenges of our time,” said Marwan Shakarchi, CEO of MKS PAMP GROUP. “By combining MKS PAMP GROUP’s technical expertise and operational capability in precious metals refining and manufacturing with Karo Sambhav’s comprehensive e-waste collection systems and recycling solutions, we aim to set new benchmarks for material circularity and support India’s transition towards a sustainable future.”
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