The Union Steel Ministry controlled MSTC has proposed to set up an integrated ship recycling yard under the public- private partnership (PPP) at Alang in Gujarat. MSTC said that the project can bring in substantial revenue for the government in the form of taxes and levies on the real value of goods as recorded in the e-commerce transactions.
In its proposal, MSTC suggested that ship recyclers could avail themselves of the services of MSTC for disposal of various scrap material and e-waste through e-auction for safe handling and better price discovery, evincing interest in setting up the project at Alang.
The Ministry’s panel has suggested MSTC contact Gujarat Maritime Board (GMB) or the state government with the proposal. It produces 3.5 million tonne (mt) of re-rollable steel per year and employs approximately 50,000 people. Alang yard has 167 plots developed on 10 kilometer (km) long coast.
Leave a Reply
You must be logged in to post a comment.