Along with other significant corporations, South Korea’s LG and Samsung have filed a lawsuit against the Indian government to overturn a policy that raises payments to recyclers of electronic waste, citing the impact on their businesses.
A dispute between foreign corporations and Prime Minister Narendra Modi’s administration over waste management procedures has escalated, and the lawsuits, along with other objections, are scheduled to be heard on Tuesday.
When Reuters reached out to LG and Samsung for comment, they did not reply. The Environment Ministry of India did not reply either.
India is the third-largest producer of e-waste after the US and China, but according to the government, just 43% of the nation’s e-waste was recycled last year, and at least 80% of the industry is made up of unlicensed scrap dealers.
PM Modi’s government has previously been sued by Daikin, Havells of India, and Voltas of Tata.
Samsung and LG had opposed a move to set a base price that recyclers must pay, which New Delhi claims is necessary to attract more formal companies and increase investment in the recycling of e-waste.
The pricing rules “fail to take into consideration that merely by fleecing companies and taxing them in the name of the ‘polluter pays principle’, the (government) objectives sought to be achieved cannot be achieved,” according to LG’s filing in the Delhi High Court, which is not public but was examined by Reuters on Monday.
CREDIT: Gadget360, Allneeds
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