MoPSW launched the Ship-breaking Credit Note policy, allowing ship owners to receive credits worth 40% of a vessel's scrap value. The credit can be used to pay up to 5% of the cost of a new ship built at an Indian shipyard, boosting both ship recycling and domestic shipbuilding.

India becomes world's top ship recycling nation, achieves MIV 2030 goal ahead of schedule

leading-ship-recycling-nation

Leading Ship Recycling Nation, News on Leading Ship Recycling Nation, stories on Leading Ship Recycling Nation, articles on Leading Ship Recycling Nation, Leading Ship Recycling Nation stories at Wion, Leading Ship Recycling Nation news, Leading Ship Recycling Nation latest news

leading ship-recycling-nation

India becomes world's top ship recycling nation, achieves MIV 2030 goal ahead of schedule