Thursday, March 12, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Economy

Giant Step: Recycling of Ships Bill 2019

Fiinews by Fiinews
December 10, 2019
in Economy, Imports, Industry Sectors, Projects
Reading Time: 2 mins read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

More ship-breaking in Gujarat

 

Avalon Consulting.

 

The landmark “Recycling of Ships Bill, 2019”, is a giant step and historical moment in the Indian Maritime arena and will have far reaching effects in Indian Ship Recycling industry, already rated as a global leader, commanding 30% share of the global industry.

The bill, passed on 9 Dec 2019, will pave the way for more global ships to enter into Indian Shipyards for recycling and boost employment and business opportunities, Minister of State for Shipping Mansukh Mandaviya told parliament.

With the enactment of this bill, India will set global standards for safe and sound environmentally friendly recycling of Ships, he said.

It will also ensure adequate safety of the yard workers.

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. O

The bill adequately addresses various environmental issues and workers’ safety concerns interconnected with the ships recycling Industry.

Now, ships to be recycled in India will need to obtain a ‘Ready for Recycling Certificate’ in accordance with the Hong Kong Convention.

Hoping for increased business, a large number of Recycling plots, especially at Alang in Gujarat, are also gearing up and obtaining Statement of Compliance (SOC) with the Hong Kong Convention.

The Key Benefits of the bill are as follows:

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 Minister underlined tremendous growth of business activities contributing to the Indian economy. fiinews.com

Tags: Ministry of Shipping
ShareTweetShare

Related Posts

Bessco Renergo
Projects

Project: Bessco-Renergo embarks on 1,000MW RE plan

by Fiinews
March 12, 2026
0
14

Venture to develop clean energy for India and Nepal A joint venture of Bessco Power Pvt Ltd of Gurgaon and...

Hydrogen India
Projects

Project: Standards issued for ‘Green energy’

by Fiinews
March 10, 2026
0
22

MNRE to revise eligible sources of carbon dioxide from time to time In a significant move for the advancement of...

Daeseung

Project: Sunsure to power Korean auto group

March 8, 2026
15
PIB

Project: GRSE commended for shipbuilding

March 7, 2026
20
University of Saskatchewan

Project: Indian-Canadian food collaboration signed

March 5, 2026
15
PIB

Project: NITI Aayog-JICA sign RoD

March 4, 2026
20
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Technologies: Royal Diamond sponsors aerspace Industries’ drones in UAE

    0 shares
    Share 0 Tweet 0
  • Investments: Foreign investors see India as long-term destination for fund placings

    0 shares
    Share 0 Tweet 0
  • Markets: Blue Dart maintains positive outlook on India

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Tender: PM officiates on Rs.16,650cr projects
  • Market: UK presents brands at AAHAR 2026
  • Project: Bessco-Renergo embarks on 1,000MW RE plan
  • Tech: Invisible to acquire WeCP in India
  • Tender: Rs.4,474cr approved for 2 rail projects

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.