The Andhra Pradesh Maritime Board wants the maritime and ship-recycling industries to come on board to help make its vision to build India’s first non-beaching, European-standard ship-recycling facilities a reality.
Ravindranath Reddy, the board’s deputy chief executive, said he has been pounding pavements worldwide, drumming up investment interest in the project.
Reddy has been in discussions with several shipowners, with what he describes as sizeable fleets, who regularly sell ships for scrap but have difficulty finding recycling yards that are compliant with the regulations stipulated by their flag states.
