(The Gist of PIB) The Recycling of Ships Bill, 2019 [DECEMBER-2019]
(The Gist of PIB) The Recycling of Ships Bill, 2019
[DECEMBER-2019]
The Recycling of Ships Bill, 2019
Parliament passed “The Recycling of Ships Bill 2019’’ for Safe and Environmentally Sound Recycling of Ships in India.
Key highlights:
- 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 Kerala.
- 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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Courtesy: PIB