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Scrapped cars a gold mine for India-Japan recycling venture

Abhishek Group teams up with Kaiho to cash in on demand for parts

Abhishek K Kaiho Recyclers began operating a new plant in northern India in June, hoping to build seven plants across the country within three years. (Photo by Moyuru Baba)

NEW DELHI -- A joint venture between an Indian and a Japanese company has uncovered a treasure trove in India in the form of auto parts salvaged from some of the roughly 10 million cars scrapped in the country as the government puts tighter emissions standards in place.

Abhishek Group, an Indian maker of air bags and other auto parts, has begun tearing down used cars and recycling parts, such as headlights, taillights and hoods, for resale in its joint venture with Kaiho Industry, a leading Japanese auto recycling company based in Kanazawa, Ishikawa Prefecture.

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