India Becomes World’s Top Ship Recycling Nation (2025)

India Becomes World’s Top Ship Recycling Nation (2025)

Share & Volume:
35.4% of global ship recycling share (from 30.1% in 2024).
Recycling volume: 2.99 million GT (~60% increase from 1.86 million GT).


Achievement: Surpassed MIV 2030 target five years early.
Scheme: Ship-breaking Credit Note Scheme offering credits worth 40% of scrap value.
Hub: Alang-Sosiya Ship Recycling Yard, expanded to 9 million LDT capacity, largest globally.


4. India–Israel MoU on Public Sector Auditing

Signatories:
CAG of India (K. Sanjay Murthy)
SAI of Israel (Matanyahu Englman)


Focus:
Use of AI, data analytics, and digital tools in auditing.
Enhance efficiency, transparency, and accountability.
Promote innovation in public sector oversight.


Event: Bilateral meeting and lecture on AI in public auditing.


5. NHAI & NCAER MoU for Transportation & Mobility Research Centre

Purpose: Establish a dedicated research centre at NCAER HQ, Delhi.
Aim: Evidence-based policymaking in transportation, mobility, and logistics.
Functions:
Applied economic research.
Policy formulation in NH economics, freight logistics, modal integration, toll policy, road safety, asset monetization.


Leadership: Advisory Committee including top economists and transportation experts.