Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs
3 years, 10 months ago

Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs

India TV News  

Finance Minister Nirmala Sitharaman on Monday said ship recycling capacity will be doubled by 2024 and efforts are being made to bring more ships from Europe and Japan. Ports, Shipping and Waterways Minister Mansukh Mandaviya has recently said that India aspires to grab at least 50 per cent of the global ship recycling business. Post enactment of the Recycle Act, India eyes 50 per cent of the global share as many countries will be sending ships here after India ratified the global convention," the minister had said. Once more ships will start coming to India for demolition, the ship recycling's contribution to the GDP will grow to USD 2.2 billion from present USD 1.3 billion.

Global India Europe Japan Ships Cent Lakh Sitharaman Ship Recycling Capacity Recycling Capacity Gross Tonnage Ship Recycling More Ships  15  global  minister  ship  recycling  jobs  gross  tonnage  capacity  cent  lakh  double  ships  generate  india  2024

History of this topic

India can be among top 10 countries in global maritime trade ranking: Union Minister Sarbananda Sonowal
1 year, 11 months ago

India can be among top 10 countries in global maritime trade ranking: Union Minister Sarbananda Sonowal

The Hindu  

Union Minister Sarbananda Sonowal on December 31 said India can be among the top ten countries in the global ranking of maritime merchandise trade with giant strides taken by the government for modernisation and capacity building in the sector. Mr. Sonowal, the Minister for ports, Shipping and Waterways, said the Centre is carrying out development in a sustainable way to …

India said to offer incentives to boost shipbuilding industry
2 years ago

India said to offer incentives to boost shipbuilding industry

The Hindu  

India plans to offer cash subsidies, lower taxes and other incentives to bolster its shipbuilding industry, two government sources said, as part of an effort to reduce the pain of high freight rates for the nation's manufacturers. The plans include subsidies so that at least 50 new vessels can be built, as well as granting "infrastructure status" to the industry …

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