India has emerged as the world’s leading ship-recycling nation, achieving a major milestone ahead of schedule. According to the latest report by the United Nations Conference on Trade and Development (UNCTAD), India’s share in global ship-recycling activity increased from 30.1 per cent in 2024 to 35.4 per cent in 2025. The achievement has helped the country meet the target set under the Maritime India Vision (MIV) 2030, which aimed to make India the world’s top ship-recycling nation.

The report shows a significant rise in ship-recycling activity in the country during the past year. India recycled 2.99 million gross tonnes (GT) of ships in 2025, compared to 1.86 million GT in 2024. This marks an increase of nearly 60 per cent and highlights the rapid growth of the sector.

The development was announced in an official statement cited by PTI. The government said the achievement reflects the progress made by the country in strengthening its ship-recycling industry. The increase in recycling activity has also reinforced India’s position in the global maritime sector.

Commenting on the achievement, Ports, Shipping & Waterways (MoPSW) Minister Sarbananda Sonowal said, “India’s emergence as the world’s top ship recycling nation reflects the success of sustained policy reforms, industry efforts and adherence to international environmental and safety standards.”

He further added, “It reinforces India’s position as a global hub for responsible and sustainable ship recycling.”

According to the statement, India’s rise to the top position is the result of a well-planned strategy focused on sustainability, regulatory reforms, infrastructure development and close cooperation with industry stakeholders. These efforts have helped improve the country’s ship-recycling capabilities while ensuring compliance with global environmental and safety norms.

The government also highlighted the strong future prospects of the industry. It noted that demand for ship recycling is expected to remain high in the coming years. Increasing compliance with international standards and continued policy support are expected to further strengthen India’s leadership in the sector.

The statement added that India is well-positioned to expand its role in responsible ship recycling while contributing to the goals of a circular economy and sustainable maritime development. With steady growth, improved infrastructure and supportive policies, the country is expected to maintain its leading position in the global ship-recycling industry.

The achievement marks an important step for India’s maritime sector and reflects the success of long-term efforts aimed at making the country a major centre for sustainable ship recycling.