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As of January 2020, India has 30% share of [[Ship_breaking#India|ship breaking]] with annual US$1.1 billion revenue, which is lower than its potential business since India is not a signatory to [[Hong Kong International Convention for the safe and environmentally sound recycling of ships]]. Due to which treaty signatory nations, such as USA, Europe and Japan are not sending ships to India for breaking. India plans to pass the "Recycling of Ships Act, 2019" to ratify the Hong Kong treaty. This will allow India to capture its targeted 60% in the global ship breaking business while doubling the annual to US$2.3 billion target.<ref name=breakkro1>[https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/india-eyes-60-per-cent-share-of-global-ship-recycling-business-higher-gdp-contribution-mandaviya/articleshow/72964082.cms India eyes 60 per cent share of global ship recycling business; higher GDP contribution], Economic Times, 30 December 2019.</ref> India's [[Alang|Alang-Sosiya Ship Breaking Yard]] is world's largest [[Ship graveyard|ships' graveyard]].<ref name=breakkro1/> Other ships' graveyard in India is the "Steel Industrials Kerala Limited". | As of January 2020, India has 30% share of [[Ship_breaking#India|ship breaking]] with annual US$1.1 billion revenue, which is lower than its potential business since India is not a signatory to [[Hong Kong International Convention for the safe and environmentally sound recycling of ships]]. Due to which treaty signatory nations, such as USA, Europe and Japan are not sending ships to India for breaking. India plans to pass the "Recycling of Ships Act, 2019" to ratify the Hong Kong treaty. This will allow India to capture its targeted 60% in the global ship breaking business while doubling the annual to US$2.3 billion target.<ref name=breakkro1>[https://economictimes.indiatimes.com/industry/transportation/shipping-/-transport/india-eyes-60-per-cent-share-of-global-ship-recycling-business-higher-gdp-contribution-mandaviya/articleshow/72964082.cms India eyes 60 per cent share of global ship recycling business; higher GDP contribution], Economic Times, 30 December 2019.</ref> India's [[Alang|Alang-Sosiya Ship Breaking Yard]] is world's largest [[Ship graveyard|ships' graveyard]].<ref name=breakkro1/> Other ships' graveyard in India is the "Steel Industrials Kerala Limited". | ||
Largest Port in [[Arabian Sea]] - [[ | Largest Port in [[Arabian Sea]] - [[Mundra Port]] [[Gujarat]]) | ||
Largest Port in [[Bay of Bengal]]- [[ | Largest Port in [[Bay of Bengal]]- [[Paradip Port]] ([[Orissa]]) | ||
==Cargo handled== | ==Cargo handled== | ||