The Government of India signed a loan deal
worth $76 million with Japan International Cooperation Agency (JICA), for a
project to upgrade the environment management plan at Alang-Sosiya ship
recycling yards. The total cost of the project will be $ 111 million, out of
which $76 million will be provided as soft loan from JICA. Out of the remaining
amount, $25 million as taxes and fees will be borne by Government of Gujarat
and the balance $10 million will be shared by Ministry of Shipping &
Government of Gujarat. The project will be executed by Gujarat Maritime Board
(GMB) and is likely to be completed by 2022.
This project will help the Alang-Sosia
ship-recycling yards to comply with international safety & environmental
regulations. This will attract more business at the recycling facilities at
Alang, thereby further consolidating India's share in the global ship-recycling
industry.
This project will also help in safeguarding
the marine and coastal environment. The use of advanced decontamination
technology will rule out the possibility of fire accidents in oil and chemical
tankers, thereby ensuring workers safety.
The project is expected to result in increase
in direct employment from 50,000 to 92,000 people and in-direct employment from
1.5 lakhs to 3 lakh people.
Source: business-standard.
16 September 2017
No comments:
Post a Comment