India plans to invest ₹20,000-25,000 crore to nearly double the ship recycling capacity at Alang from 4-4.5 million LDT to around 9 million LDT over the next decade. The government aims to increase Alang's share of the global ship recycling market from 35% to almost 50%, according to livemint.com.
The Centre is accelerating efforts to transform Gujarat's Alang into a globally competitive green ship recycling hub. This investment will fund infrastructure upgrades and capacity expansion to handle more vessels efficiently and sustainably. The move aligns with international standards such as the Hong Kong Convention and the EU Ship Recycling Regulation, enhancing Alang's appeal to global ship owners.
Alang currently holds a 35% share of the global ship recycling market, making it the largest shipbreaking yard worldwide. The planned expansion positions India to capture nearly half of the market, boosting the maritime sector and related industries. This initiative also supports India's strategic goal of promoting environmentally responsible ship recycling practices, which are increasingly demanded by international regulators and ship owners.
The investment is expected to be deployed over the next decade, with phased capacity increases. Alang's upgraded facilities will enable India to meet growing global demand for ship recycling, reinforcing its leadership in the sector. The government’s commitment to this ₹25,000 crore project was detailed in a report published on July 2 by livemint.com.