(The Gist of PIB) The Recycling of Ships Bill, 2019  [DECEMBER-2019]

(The Gist of PIB) The Recycling of Ships Bill, 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