HomeNewsEconomyPolicyHere's all you need to know about Ships Recycling Bill, 2019

Here's all you need to know about Ships Recycling Bill, 2019

The Bill paves the way for global ships to enter Indian shipyards for recycling.

December 10, 2019 / 17:54 IST
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Representative image
Representative image

The Recycling of Ships Bill was cleared by the Rajya Sabha on December 9, bringing in regulations to ensure environment friendly practices while recycling ships. The Bill also emphasises on worker's safety and restricts use of hazardous material on ships.

What is the Bill about?

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Ship recycling industry contributes $1.3 billion to India's GDP. In terms of global share, India recycles 30 percent of the 1000 ships recycled. However, developed countries would not send their ships to India citing lack of regulation to prevent environmental damage and proper disposal of hazardous materials.

The Bill includes the provisions of IMO's Hong Kong Convention for Safe and Environmentally Sound Recycling of Ships, in line with global best practices in ship recycling. This will ensure developed countries send their ships to India for recycling. According to the government, Norway and Japan have already shown interest in sending their ships to India upon passing of the Bill.