The cabinet has approved the draft of Bangladesh Ship Recycling Law, 2015 keeping provision of maximum Tk30 lakh fine and maximum one year imprisonment or both for the violation of the law.
The law kept provision of taking prior permission of the Ship Recycling Board for importing ships, breaking or anchoring in the coast.
The regular cabinet meeting presided over by the prime minister gave the approval on Monday afternoon, BSS reported.
After the meeting, Cabinet Secretary M Mosharraf Hossain Bhuiyan briefed the reporters at the secretariat.
The cabinet secretary said the law is aimed at setting up the industry in a certain area by considering environmental impacts as well as regulating the activities of the fast growing industry.
Under the proposed law, a regulatory authority named Bangladesh Ship Recycling Board will be formed headed by a chairman and a full-time director general.
An additional secretary of the Industries Ministry will be its chairman.
Source: Dhaka tribune. 27 July 2015