Enabling Circular Economy through Industry 4.0 for Consumer Durables and Other Industries

The motivation behind this paper is to identify a framework or establish a strategy for industries, majorly the consumer durables for recycling and reusing wasted material or e-waste. The paper also uncovers the need of establishing a circular economy model from the already existing linear model, identified as depleting resources and increasing hazards of improper treatment of waste from end products such as electronic gadgets - laptops, cell phones, smart phones, chips, wires or electronic durables - washing machine, oven, microwave etc. The level of e-waste generation, specifically in India has led for the need of transformation in processes of industries sail through the expected extinction of raw material. Effect of COVID-19 on industries and implication of CE model with industry 4.0, challenges and opportunities that its implementation may bring along have also been addressed in this paper The aim of this paper, is to suggest solutions and a future scope with servitised business models for implementing Circular Economy using Industry 4.0 for Consumer Durable products and other industries as well