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India-EU Ship Recycling Pact Gains Momentum
2 Jul
Summary
- More than 30 Indian ship recycling yards applied for EU recognition.
- Three Indian facilities completed compliance for EU regulation.
- India aims to recycle 16,000 ships in the next decade.
India and the European Union have reaffirmed their commitment to enhancing cooperation in sustainable ship recycling. Discussions between Union Minister Sarbananda Sonowal and European Commissioner Jessika Roswall reviewed the ongoing audit process for Indian ship recycling facilities seeking recognition under the EU Ship Recycling Regulation (EUSRR).
More than 30 Indian yards have applied for this recognition, with three facilities successfully completing all required compliance procedures. This progress is a significant step towards integrating Indian yards into the EU framework, reinforcing India's role as a leading global hub for responsible ship recycling. The nation aims to recycle approximately 16,000 ships over the next decade, supported by an $8 billion financial commitment to its maritime sectors.
Commissioner Roswall welcomed the advancements and proposed a Joint Working Group to ensure effective coordination. She also emphasized the importance of unannounced inspections for maintaining high compliance standards. The EU's approach aligns with the India-EU Free Trade Agreement and the Hong Kong International Convention, promoting environmentally sound practices and worker welfare, while strengthening global maritime supply chains.
