‘Fleecing’: LG and Samsung sue govt over e-waste policy

South Korean consumer electronics majors LG and Samsung have sued the Indian government over its electronic-waste management policy that they claim increases their recycling costs, joining the likes of Daikin, Havells and Voltas.

In September last year, the Centre set a floor price that electronics makers must pay to recyclers. The rules mandate a minimum payment of Rs 22 per kg for consumer electronics and Rs 34 per kg for smartphones.