This Bill will have far reaching effects in Indian ship recycling industry. The existing Ship breaking code (revised), 2013 and the provisions of the Hong Kong convention, 2009 are merged in this bill. As India is a leader in the global ship recycling industry (30%), it will set global standards. Ships to be recycled in ..
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India signed $76 million of loan deal with Japan International Cooperation Agency (JICA) to upgrade Alang-Sosiya Shipyards
India has signed a loan deal of $76 million with Japan International Cooperation Agency (JICA) for a project to upgrade the environment management plan at Alang-Sosiya ship recycling yards. The total cost of the project will be $111 million, out of which $76 million will be provided as soft loan from JICA. Out of the ..