financetom
Technology
financetom
/
Technology
/
Carrier becomes latest global firm to sue India over electronic waste rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Carrier becomes latest global firm to sue India over electronic waste rules
Jul 7, 2025 2:32 AM

By Aditya Kalra and Arpan Chaturvedi

NEW DELHI (Reuters) -The Indian unit of U.S. air conditioning giant Carrier has become the latest major firm to sue Prime Minister Narendra Modi's government over electronic waste rules that have hiked the fees manufacturers must pay to recyclers.

South Korea's Samsung Electronics and LG Electronics as well as Japan's Daikin and Tata's Voltas have also brought suits, which are set to be heard by the High Court of Delhi on Tuesday. All of the companies are seeking to have the rules quashed.

India is the third-biggest generator of electronic waste behind China and the U.S., but the government says only 43% of the country's e-waste last year was recycled.

Modi's government in September fixed a floor price that electronics makers must pay recyclers, which manufacturers argue is roughly three to four times higher than what they paid earlier.

In a 380-page court filing dated June 3, which has not been disclosed publicly, Carrier said recyclers were willing to continue their work at the older prices and the government should not interfere in private dealings between companies and recyclers.

"The burden of the benefit being given to the recyclers has been put on the producers, which is unfair and arbitrary," said submissions by Carrier Airconditioning & Refrigeration which were reviewed by Reuters.

The submissions added that the rules will impose a "huge financial burden" on the company.

Carrier did not respond to a Reuters request for comment.

India's Ministry of Environment also did not respond to Reuters queries. It has previously argued in court that the pricing rules are needed to ensure proper waste disposal and were a "reasonable" intervention.

The new rules mandate a minimum payment of 22 rupees per kilogram to recycle consumer electronics. Such rates are still lower than levels in the U.S where they are up to five times higher, according to research firm Redseer.

Carrier reported sales of $248 million in India last year, its highest level since at least the financial year ending March 2020. Its filing said it installed India's first-ever air conditioning system in Jaipur city in 1936.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Analysis-Europe welcomes Middle East money but some deals face headwinds
Analysis-Europe welcomes Middle East money but some deals face headwinds
Jul 25, 2024
LONDON/DUBAI (Reuters) - As Abu Dhabi's ADNOC sets its sights on an 11.7 billion euro ($12.74 billion) takeover of German chemical maker Covestro ( CVVTF ) in what would be the largest European acquisition by a Middle Eastern buyer in at least 16 years, it marks a recent upswing in dealmaking between the regions. More than $24 billion in acquisitions...
SK Hynix considering listing US subsidiary Solidigm -media report
SK Hynix considering listing US subsidiary Solidigm -media report
Jul 25, 2024
SEOUL, July 25 (Reuters) - South Korea's SK Hynix ( HXSCF ) is considering listing its U.S. subsidiary Solidigm to raise funds to expand production facilities in response to an upturn in memory chip demand, the Korea Economic Daily newspaper reported on Thursday. The U.S. subsidiary of the world's second-largest memory chip maker produces enterprise solid-state drives (eSSDs) which are...
China's New Reusable Spacecraft Alarms Experts: 'Obvious That It Has A Military Application'
China's New Reusable Spacecraft Alarms Experts: 'Obvious That It Has A Military Application'
Jul 25, 2024
In the realm of space exploration, China’s uncrewed reusable spacecraft has been the subject of much speculation. Experts believe that the secretive spacecraft, currently on its third mission, maybe testing technologies for manipulating or retrieving satellites. What Happened: The spacecraft was observed in June releasing an object, moving several kilometers away, and then repositioning itself near the object, Reuters reported...
The Latest Analyst Ratings For Flex
The Latest Analyst Ratings For Flex
Jul 25, 2024
4 analysts have shared their evaluations of Flex during the recent three months, expressing a mix of bullish and bearish perspectives. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3...
Copyright 2023-2025 - www.financetom.com All Rights Reserved