India invites vessel owners to register ships in IndiaChristian Fernsby ▼ | June 21, 2020
India said it has invited global vessel owners to flag their ships in India to take advantage of the Make in India policy.
Vessels India tanker
"It is estimated that the Make in India policy will provide an opportunity to at least double the number of Indian flag vessels in the immediate term from the present approximately 450 to at least 900 and more over a period of 3 years leaving further scope for additional investment in the Indian flag tonnage," Ministry of Shipping said in a statement.
With a modern maritime administration, continuous supply of trained seafarers, ship management skills already available, ship owners worldwide are invited to now flag their ships in India to take advantage of the Make in India policy in respect of transportation of government cargoes.
Shipping Minister Mansukh Mandaviya has reviewed the readiness of Indian shipping for implementation of the government's Cargo Transportation Policy, the statement said. ■