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 >
Malaysia's DNB signs deal with Ericsson, Intel on 5G solutions
Malaysia's DNB signs deal with Ericsson, Intel on 5G solutions
May 2, 2024
KUALA LUMPUR, May 3 (Reuters) - Digital Nasional Berhad (DNB), Malaysia's state 5G agency, on Friday signed a deal with telecommunications firm Ericsson and chipmaker Intel ( INTC ) to develop enterprise 5G solutions, Digital Minister Gobind Singh Deo said. ...
Stay alert: Quake warning app demand surges in earthquake-rattled Taiwan
Stay alert: Quake warning app demand surges in earthquake-rattled Taiwan
May 2, 2024
By Yimou Lee and Angie Teo TAIPEI (Reuters) - Earthquake warning smartphone apps have surged in popularity in Taiwan due to high demand from people eager to get a few extra seconds to take cover after more than 1,300 aftershocks rattled the island in the past month following a large temblor. Taiwan's east coast was struck by a 7.2 magnitude...
Evaluating Flex: Insights From 4 Financial Analysts
Evaluating Flex: Insights From 4 Financial Analysts
May 2, 2024
In the latest quarter, 4 analysts provided ratings for Flex , showcasing a mix of bullish and bearish perspectives. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 2 1 0 0...
Corn price hits the target – Forecast today - 03-05-2024
Corn price hits the target – Forecast today - 03-05-2024
May 2, 2024
Corn Price Analysis Corn price rallied upwards yesterday to succeed achieving our first waited target at 461.90$. Starting today with more rise to breach this level and confirm the continuation of the correctional bullish trend domination, which targets 474.70$ as a next main station. Therefore, we are waiting for more expected rise in the upcoming sessions, supported by the EMA50...
Copyright 2023-2026 - www.financetom.com All Rights Reserved