MKS PAMP GROUP, a global leader in precious metals trading, refining, minting and e-commerce, and Karo Sambhav, a leading player in India’s circular economy sector, announced strategic partnership at the World Economic Forum at Davos 2025 recently. The strategic partnership is to advance e-waste recycling and the recovery of precious metals as well as critical raw materials in India.
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 were present at the signing ceremony.
The collaboration aims to address the growing e-waste challenge in India. MKS PAMP GROUP has established its presence in India in 2022 through its subsidiary MMTC-PAMP and has a state-of-the-art recycling facility in Haryana. The facility serves local industrial and secondary markets.
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 is third largest generator of e-waste
India, the third largest generator of e-waste globally, produced over 4.1 million tons in 2022, representing more than 10% 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.
The strategic partnership is expected to:
- Recover high-value metals such as gold, silver, and copper, collectively valued at over $5 billion, according to the Grand View Research’s report.
- Ensure responsible recycling of PCBs and components reducing environmental and health risks associated with their improper management and rudimentary recycling methods.
- Foster material circularity and support India’s goals outlined in the National Resource Efficiency Policy and the National Policy on Electronics.
MKS PAMP GROUP is an integrated consortium specializing in all aspects of the precious metals industry, servicing the global supply chain from upstream to downstream. This family company was established over 60 years ago and is now an innovative global business serving precious metals producers, users, traders and consumers worldwide.
This leading precious metal group comprises five major companies: MKS PAMP, MMTC-PAMP, MTB, APMEX and GOLD AVENUE employing over 1450 people worldwide. The group has a local presence in key precious metal markets, through 2 refineries, 4 mints and 17 offices.
Founded in 2017, Karo Sambhav claims to be a market leader in enabling circular economy in India. It manages waste/end-of-life products across e-waste, plastics, batteries, and glass waste by establishing collection channels, high-quality recycling infrastructure, and solutions for secondary raw material utilization.
It collaborates with leading enterprises, multi-laterals, and governments on Circular Economy and Extended Producer Responsibility (EPR) frameworks and has engineered an IT platform which fosters transparency, and traceability in waste collection, recycling and secondary materials management. Karo Sambhav has set-up collection channels in over 70+ cities covering all states of India and is establishing a network of recycling facilities of which two are operational.
Recognized for its contributions to the circular economy, Karo Sambhav received the ‘Social Entrepreneur of the Year India – 2021’ award by the Schwab Foundation at the World Economic Forum.
