India has become the world’s largest ship recycling nation in 2025, surpassing a major Maritime India Vision 2030 target through policy reforms, sustainable practices and industry modernization.

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• India emerged as the world’s leading ship recycling nation in 2025, achieving a key Maritime India Vision 2030 target five years ahead.
• India’s share in global ship recycling increased significantly from 30.10% in 2024 to 35.40% in 2025, strengthening its global maritime position.
• Ship recycling volume rose nearly 60% year-on-year, reaching 2.99 million gross tons compared with 1.86 million gross tons in 2024.
• The Recycling of Ships Act, 2019 aligned India’s regulatory framework with international environmental and safety standards under the Hong Kong Convention.
• Financial assistance of ₹53.50 crore enabled 115 ship recycling yards to upgrade infrastructure and achieve compliance with global recycling standards.
• Under the Ship-breaking Credit Note Scheme, vessel owners receive credits worth 40% of scrap value to support new ship purchases.
• India plans to expand capacity through the Alang Ship Recycling Yard in Gujarat, targeting nearly 9 million light displacement tons capacity.
• With over 16,000 vessels expected for recycling globally during the next decade, India is positioned to recycle 500-600 ships annually.