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India unveils 20 major maritime reforms to cut logistics costs and boost global trade presence

The reforms include the creation of a maritime sector regulator, revamped shipbuilding incentives and measures to increase India’s shipping tonnage as part of a plan to strengthen the country’s maritime ecosystem and cut logistics costs.

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India unveils 20 major maritime reforms to cut logistics costs and boost global trade presence

The reforms include the creation of a maritime sector regulator, revamped shipbuilding incentives and measures to increase India’s shipping tonnage as part of a plan to strengthen the country’s maritime ecosystem and cut logistics costs.

The reform push, which is being finalized, is aimed at improving regulatory oversight, boosting domestic shipbuilding, increasing the share of Indian-flagged vessels in global trade and enhancing the…

Originally published by Livemint. Read the full article →

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