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Economy News

The Economic Times

Economy / The Economic Times

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India aims to recycle 16,000 ships in next decade: Union Minister Sonowal

India is set to recycle approximately 16,000 ships in the coming decade, backed by an $8 billion financial commitment. Over 30 Indian ship recycling yards are seeking EU recognition, with several already progressing through compliance. This initiative aims to significantly boost India's contribution to the global circular economy, building on its recent substantial growth in ship recycling volume.

1 Jul 2026 10:10 pm