12/12/2019 - Government Policies

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KEY POINTS

·        The Recycling of Ships Bill 2019’’ for Safe and Environmentally Sound Recycling of Ships in India is a giant step and historical moment in the Indian Maritime arena and will have far reaching effects in Indian Ship Recycling industry.

·        The existing Shipbreaking Code (revised),2013 and the provisions of the Hong Kong Convention, 2009 are dovetailed in this Bill. 

·        The Bill, upon becoming Act, will ensure environment friendly recycling process of Ships and adequate safety of the yard workers.

·        With the enactment of this bill, India will set global standards for safe and sound environmentally-friendly recycling of Ships, as well as ensure adequate safety of the yard workers.

·        This bill will pave the way for more global ships to enter into Indian Shipyards for recycling and boost employment and business opportunities also.

Salient features of the bill

·        The bill will harbinger significant increased number of global ships entering into Indian Shipyards for Recycling.

·        Recycling of Ships will boost business & employment opportunities and strengthen India’s position in the recycling industry.

·        It will raise the brand value of our Ships Recycling Yards located at Alang in Gujarat, Mumbai Port, Kolkata Port & Azhikkal in Kerela.

·        10% of country’s Secondary steel needs, as an outcome of Recycling of Ships, will be met in an eco-friendly manner.

·        Ships Recycling facilities will become compliant to International standards and Ships will be recycled only in such authorised facilities.

·        The tremendous growth of business activities will contribute to the country’s GDP.

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