Shipping Ministry is making rules for the ship recycling industry – which is at present at 4.5 million tonnes per annum (mtpa) capacity and is expected to double by 2024.
“The Ship Recycling Act was promulgated in 2019, we are in the process of making rules for it,” Shipping Ministry Secretary Sanjeev Ranjan, said in a conference here on Thursday.
World standards
The move will make the recycling sector of India more eco-friendly in keeping with world standards. India will make efforts to bring more ships to India from Europe and Japan.
Incidentally, there are also plans to synchronize India’s vehicle scrapping with ship recycling. Indicating the potential business next year in the port sector, Ranjan said the operational services at ports will be put on a public-private partnership model, particularly projects of up to ₹ 2,000 crores.
Earlier, Finance Minister Nirmala Sitharaman announced in the Budget, major ports will be moving from managing their operational services on their own to a model where a private partner will manage it for them.
The Maritime India Summit to be inaugurated by the Prime Minister will be held through a virtual platform between March 2-4. The budget also announced a ₹ 1,624 crore subsidy over five years to promote the flagging of merchant ships in India. This is expected to enable training and employment opportunities for seafarers besides enhancing Indian companies.
Nepal connectivity
Work is on at a fast pace to connect land-locked Nepal through road with Sahibganj, a multi-modal logistics hub, which will further connect Nepal with the sea through inland waterways, Mansukhlal Mandaviya said in the conference here.
Mandaviya added that many companies are interested to operate seaplane services along certain routes. The Shipping Ministry will make the infrastructure, while the Aviation Ministry will be responsible for getting sea-plane operators, he added.
Ministry of Ships Framing Rules for Vessel Recycling
For the recycling, sector ships are setting down guidelines for the shipping ministry, which is currently at an annual capacity of 4.5 million tons (MTP) a year and will double by 2024.
Sanjeev Ranjan, Secretary of the Shipping Ministry, said at the conference here on Thursday: ‘The Ship Recycling Act was promulgated in 2019, we are making guidelines for it.’
World standards
This move would improve the environmental friendliness of recycling in India following international norms. In India, more ships from Europe and Japan are to be taken to India.
By the way, Indian truck scrapping with shipping recycling is also expected. Ranjan reported that the possible company in the port sector next year will include public-private partnership facilities in ports, with particularity ventures up to 2000 CRORE.
Previously, Minister of Finance Nirmala Sitharaman declared in the budget that major ports would switch from their own operational services into a model that will be managed by a private partner for them.
Between 2 and 4 March, a virtual forum will be the opening Maritime India Summit for the Prime Minister. Besides, the budget announced a subsidy for 1,624 crores over five years to encourage commercial flagging in India. In addition to developing Indian enterprises, this is meant to provide training and job opportunities for seafarers.
Nepal Connectivity
Mansukhlal Mandaviya said in the conference that work is on at a fast pace to link land-locked Nepal, which is locked up by the road, to Sahibganj, a multimodal logistic hub that will connect Nepal further to the sea via inland waterways.
Mandaviya added that many companies are interested in operations along certain routes. Seaplane services. The Ministry of Shipping is building infrastructure, whereas the Ministry of Aviation is responsible for seaplane operators, he added.
