With just half a year left, ship recycling capacity in India has fallen drastically since 2021-22 with no large ship coming to Alang, in Bhavnagar district, in the last nearly two years. ![]() In the budget for 2021-22, the central government had said that it would double the ship recycling capacity in the country by 2024. “An unexpected global slowdown in the last two years, especially in European countries and the US, coupled with most major shipping companies drastically reducing their capital investment has led to slower execution of the government’s plans,” a senior shipping ministry official said. Senior officials from the Ministry of Ports, Shipping, and Waterways told that the government’s plans to double ship recycling capacity in the country by 2024, especially at Asia’s largest shipbreaking yard in Alang in Gujarat, have been put on hold. NEW DELHI : The government has decided to hold back its plans to double ship recycling capacity in the country by 2024 and is instead looking to come out with a new five-year plan to revive the industry.
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