Integrated Green Ship Recycling Industrial Park To Come Up In Odisha

Senior representatives of Neptunes Shipbuilding Company, Industries Minister Sampad Chandra Swain, and Deputy Chief Minister KV Singh Deo attended a high-level discussion meeting on the ship recycling sector at Lok Seva Bhawan. The company suggested using Odisha’s extensive coastline and natural resources to establish an Integrated Green Ship Recycling Industry Park. The project is expected to provide 20,000 direct and 50,000 indirect jobs, strengthening the state’s economy.

Senior Neptunes Shipbuilding Company executives, together with Deputy Chief Minister KV Singh Deo and Industries Minister Sampad Chandra Swain, attended a high-level discussion meeting on the ship recycling sector at Lok Seva Bhawan. Taking use of Odisha’s extensive coastline and natural resources, the company suggested creating an Integrated Green Ship Recycling Industry Park there. By generating 20,000 direct and 50,000 indirect jobs, the project is expected to strengthen the state’s economy.

Every year, the park will recycle 300 ships, producing 5 million tonnes of premium steel and boosting Odisha’s GDP by $2 billion. The meeting was attended by Satish, the executive director, and Deepak, the MD of Neptunes Shipbuilders. By leveraging its advantageous location and resources, Odisha is set to become a leader in the ship recycling sector with the help of this program. The state’s economy and job market are predicted to be significantly impacted by the project’s implementation.