Blitz Bureau
NEW DELHI: Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on July 2 said India aims to recycle nearly 16,000 ships over the next decade with an investment commitment of $8 billion in the shipbuilding and ship recycling sectors, as the country strengthens its position as the world’s leading hub for sustainable ship recycling.
Speaking after talks with European Commissioner for Environment, Water Resilience and a Competitive Circular Economy Jessika Roswall, Sonowal said India has emerged as the global leader in ship recycling under the leadership of Prime Minister Narendra Modi and is committed to ensuring safe, environmentally sustainable and responsible recycling practices.
Highlighting India’s growing dominance in the sector, Sonowal said the country’s share in global ship recycling has increased from 30.1 per cent in 2024 to 35.4 per cent in 2025, according to the latest UN Conference on Trade and Development (UNCTAD) estimates.
India recycled 2.99 million gross tonnes (GT) of ships in 2025, registering nearly 60 per cent growth over the 1.86 million GT recycled in 2024.
Sonowal said more than 30 Indian ship recycling yards have applied for recognition under the European Union Ship Recycling Regulation (EUSRR).
Of these, six facilities are currently undergoing the compliance and approval process, while three yards have completed all mandatory compliance procedures and are now eligible to seek inclusion under the EU regulatory framework.
Sonowal said Indian ship recycling facilities have invested heavily in upgrading infrastructure, environmental safeguards and worker welfare to meet global standards.
