Budget 2021: Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs

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Budget 2021: Ship Recycling capacity to double by 2024, generate 1.5 lakh jobs

PTILast Updated: Feb 01, 2021, 02:52 PM IST

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Synopsis

India has enacted Recycling of Ships Act, 2019 and acceded to the Hong Kong International Convention.

At present, India recycles around 300 of the 1,000 ships which are demolished per annum globally.

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