Jain Resource Recycling Expands with Strategic Joint Venture and Growth Plans – scanx.trade

Report on the Joint Venture between Jain Resource Recycling and C&Y Group Investments

1.0 Introduction: A Partnership for Sustainable Development

Jain Resource Recycling Limited has entered into a strategic joint venture with C&Y Group Investments, Inc., formalized on October 22, 2025. The partnership is dedicated to establishing a recycling and manufacturing facility in Ahmedabad, Gujarat, India. This initiative is fundamentally aligned with several United Nations Sustainable Development Goals (SDGs), aiming to advance responsible production, foster industrial innovation, and promote economic growth through a circular economy model.

2.0 Core Objectives and Alignment with Sustainable Development Goals (SDGs)

The primary objective of the facility is the recycling of cables, motors, alternators, starters, motor coils, transformers, and copper scrap. This venture directly contributes to the following SDGs:

• SDG 12 (Responsible Consumption and Production): By converting scrap metal into reusable resources, the venture promotes a circular economy, reduces waste, and ensures the sustainable management of natural resources.
• SDG 9 (Industry, Innovation, and Infrastructure): The establishment of a modern recycling facility represents a significant investment in sustainable industrial infrastructure and promotes innovation in resource recovery technologies.
• SDG 13 (Climate Action): Metal recycling consumes substantially less energy than primary production from virgin ores, thereby reducing greenhouse gas emissions and contributing to climate change mitigation efforts.
• SDG 8 (Decent Work and Economic Growth): The project is expected to create new employment opportunities, fostering inclusive and sustainable economic growth within the region.

3.0 Financial and Shareholding Structure

The financial framework of the joint venture has been structured to support long-term sustainable growth.

1. Shareholding Distribution:
   • Jain Resource Recycling Limited: 52%
   • C&Y Group Investments, Inc.: 45%
   • Employees: 3% (as sweat equity, promoting inclusive growth in line with SDG 8)
2. Capital Investment:
   • Initial Paid-up Capital: INR 100.00 million
   • Potential Increase: Up to INR 600.00 million to meet future funding requirements.
3. Lock-in Period: A 3-year lock-in period will commence from the financial year following the start of commercial production to ensure stability.

4.0 Governance and Strategic Synergies

The joint venture will operate as a private limited company in India and a subsidiary of Jain Resource Recycling. The governance structure is designed to leverage the strengths of both partners, reflecting a commitment to SDG 17 (Partnerships for the Goals).

4.1 Board Composition

• Total Directors: Five
• Jain Resource Recycling Appointees: Three (including the Managing Director)
• C&Y Group Investments Nominees: Two

4.2 Strategic Contributions

C&Y Group, a major North American scrap metal exporter, will provide global sourcing expertise and a guaranteed annual supply of scrap materials. This partnership ensures a stable and efficient supply chain, critical for achieving the venture’s production and sustainability targets. C&Y Group’s international assets include:

• Ten self-owned scrap yards in North America
• A recycling operation in Thailand
• A trading company in Japan

5.0 Long-Term Vision and Socio-Economic Impact

This collaboration is poised to enhance India’s role in the global recycling market and drive sustainable industrial development. The long-term vision focuses on creating value while upholding environmental responsibility. Key anticipated impacts include:

• Advancing the Circular Economy: Strengthening India’s capacity for sustainable resource management, directly supporting SDG 12.
• Fostering Sustainable Communities: Contributing to effective waste management solutions, which is a key component of SDG 11 (Sustainable Cities and Communities).
• Economic Empowerment: Generating employment and contributing to the national economy, aligning with the principles of SDG 8.

Analysis of SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

1. SDG 8: Decent Work and Economic Growth
   • The article mentions that the joint venture is expected to create “new job opportunities,” which directly contributes to promoting sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.
2. SDG 9: Industry, Innovation, and Infrastructure
   • The establishment of a new “recycling and manufacturing facility” in Ahmedabad represents the building of resilient infrastructure and the promotion of inclusive and sustainable industrialization. The venture focuses on industrial innovation within the recycling sector.
3. SDG 12: Responsible Consumption and Production
   • The core business of the joint venture is the “recycling of cables, motors, alternators, starters, motor coils, transformers, and copper scrap.” This directly addresses the goal of ensuring sustainable consumption and production patterns by promoting recycling and contributing to a circular economy.
4. SDG 17: Partnerships for the Goals
   • The entire article is about a “joint venture agreement” between an Indian company (Jain Resource Recycling Limited) and a North American company (C&Y Group Investments, Inc.). This international collaboration is a clear example of a partnership to achieve sustainable development goals.

2. What specific targets under those SDGs can be identified based on the article’s content?

1. Under SDG 8:
   • Target 8.2: Achieve higher levels of economic productivity through diversification, technological upgrading and innovation. The new facility focuses on a specialized sector (recycling) and leverages international expertise, aiming to increase productivity in resource management.
2. Under SDG 9:
   • Target 9.2: Promote inclusive and sustainable industrialization. The project establishes a new industrial facility focused on sustainability (recycling), contributing to India’s industrial base.
   • Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency. The new facility is designed for recycling, which is a key component of resource-efficient and environmentally sound industrial processes.
3. Under SDG 12:
   • Target 12.2: Achieve the sustainable management and efficient use of natural resources. By recycling scrap metals, the venture directly contributes to the more efficient use of existing materials, reducing the need for virgin resource extraction.
   • Target 12.5: Substantially reduce waste generation through prevention, reduction, recycling and reuse. The facility’s primary function is recycling, which is a direct action to reduce waste.
4. Under SDG 17:
   • Target 17.17: Encourage and promote effective public, public-private and civil society partnerships. The joint venture between Jain Resource Recycling and C&Y Group is a prime example of a private-private partnership aimed at achieving sustainable development outcomes.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

1. For SDG 8 & 9:
   • Number of new jobs created: The article explicitly states the venture will create “new job opportunities,” which is a direct indicator of progress towards Target 8.2.
   • Capital Investment: The “Initial Paid-up Capital” of INR 100.00 million and potential increase to INR 600.00 million serve as financial indicators for investment in sustainable industrialization (Target 9.2).
2. For SDG 12:
   • Volume of recycled materials: The article implies this indicator by specifying the types of materials to be recycled (cables, motors, copper scrap) and mentioning “guaranteed annual quantities of various scrap materials.” The tonnage of these materials processed would measure progress towards Target 12.5. This aligns with Indicator 12.5.1 (National recycling rate, tons of material recycled).
3. For SDG 17:
   • Formation of a joint venture: The existence of the formalized joint venture agreement itself is an indicator of a successful partnership for sustainable development (Target 17.17). The shareholding structure (Jain Resource: 52%, C&Y Group: 45%) quantifies the nature of this international private-private partnership.

4. Summary Table of SDGs, Targets, and Indicators

Source: scanx.trade