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India leads Global ship recycling, eyes expansion
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IBC World News
The Alang-Sosiya ship recycling cluster in Gujarat remains the backbone of India’s recycling sector and accounts for around 98 per cent of the country’s ship recycling activity.
Recognised as the world’s largest ship recycling hub, the cluster has an annual recycling capacity of around 6 million GT.
The facilities have undergone extensive modernisation over the years, strengthening India’s ability to participate in the global ship recycling market.
India now plans to nearly double its ship recycling capacity to around 9 million light displacement tonnes (LDT) through the proposed development of the Alang Ship Recycling Yard.
The expansion is expected to further strengthen the country’s position in the global maritime recycling industry.