Wednesday, June 26, 2013: E-Waste Systems, Inc. (EWSI), an electronic waste management services, technology and reverse logistics company, has launched a new business unit to enter India, via a new subsidiary named EWS (Bharat) Ltd.
“The time to act in India is now. The market is ready and there is an obvious growing awareness of the need to attack the problem of improper practices while transforming to quality operations. We can demonstrate that proper care can sit alongside reasonable profits. We are very proud and pleased to launch this India initiative,” said Martin Nielson, founder and CEO of E-Waste Systems.
In support of this India expansion initiative, EWSI entered into a Strategic Branding Alliance with iTechRecycle Llc (“iTech”), a company founded by Lance Pahi, an India Foreign National. Pahi and his partners have filed papers with the India Government to sponsor a state sanctioned launch of an eWaste operation in conjunction with EWSI. Martin Nielson, CEO and founder of EWSI, has agreed to serve as non-executive chairman for iTech to maximise the support for the effort.
“We expect to expand the effort to include more partners who can help us put in place a national infrastructure in India, which is a vast country and we will contribute equity capital into each company who agrees to join us in this effort,” said Nielson.
Pahi added, “We are proud of our connection with EWSI. Our effort is focused on the East Coast of India and we are optimistic that we will get the support needed from the government for this region. With Nielson’s help, we have crafted a good plan and look forward to excellent results. We believe that the EWSI vision, brand, technology and high standards are the right basis for putting world class operations in place.”
