New Delhi, April 22 -- The implementation of municipal solid waste management (MSWM) through the Public-Private Partnership (PPP) model in Indian cities will require the investment of $5 billion (around Rs 34,695 crore) per year, a joint report by industry chamber Assocham and British advisory multinational Ernst & Young (EY) said on Sunday.

The study titled, "The big 'W' impact: effective urban waste management solutions in India" suggested the need for a comprehensive and forward-looking policy which can accelerate a shift towards a modern and healthy urban living.

"We need appropriate policy prescriptions to ensure that waste management should be an important part of the economic cycle," said the report, adding that, besides toilet con...