Indian shipping line of global repute is need of the hour, House panel to Shipping Ministry

Post By : Karvi Rana
Post Date : December 6, 2021
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Looking at the minimal movement of export cargo through Indian Flagged shipping vessels, a parliamentary panel asks to bring Indian shipping liners to global repute.

Currently only 10% of the export cargo is being moved through the Indian flagged ships.

The panel asks the Ministry of ports, shipping and waterways to work out fiscal incentives to make a mega shipping company, which will support the increased movement of export cargo through the native ships.

With the clarion call of Atmanirbhar Bharat, the committee strongly opines that an Indian shipping line of global repute is the need of the hour,” said department-related Parliamentary Standing Committee in its report to augment infrastructure facilities to boost exports.

As per the report, only 467 domestic vessels with a gross tonnage of 11.42 million tonnes are available for movement of Exim trade.

The official data suggests, that there are 1488 Indian flagged ships with gross tonnage of 12.96 million tonnes. Out of these, 1021 vessels are plying on the coastal water of India with a gross tonnage of 1.54 million tonnes and the number of foreign going ships are 467 with a tonnage of 11.42 million tonnes.

Under the Merchant shipping act, the registration of mechanically propelled sea-going vessels is allowed. Such vessels are free to operate withing Indian coastal waters or for foreign trade based on the vessels certificates and compliance of applicable international convention.

Every Indian vessel which meets the purpose of operations of domestic shipping lines is free to operate in coastal water for domestic trades. 

Looking at the minimal movement of export cargo through Indian Flagged shipping vessels, a parliamentary panel asks to bring Indian shipping liners to global repute.

Currently only 10% of the export cargo is being moved through the Indian flagged ships.

The panel asks the Ministry of ports, shipping and waterways to work out fiscal incentives to make a mega shipping company, which will support the increased movement of export cargo through the native ships.

“With the clarion call of Atmanirbhar Bharat, the committee strongly opines that an Indian shipping line of global repute is the need of the hour,” said department-related Parliamentary Standing Committee in its report to augment infrastructure facilities to boost exports.

As per the report, only 467 domestic vessels with a gross tonnage of 11.42 million tonnes are available for movement of Exim trade.

The official data suggests, that there are 1488 Indian flagged ships with gross tonnage of 12.96 million tonnes. Out of these, 1021 vessels are plying on the coastal water of India with a gross tonnage of 1.54 million tonnes and the number of foreign going ships are 467 with a tonnage of 11.42 million tonnes.

Under the Merchant shipping act, the registration of mechanically propelled sea-going vessels is allowed. Such vessels are free to operate withing Indian coastal waters or for foreign trade based on the vessels certificates and compliance of applicable international convention.

Every Indian vessel which meets the purpose of operations of domestic shipping lines is free to operate in coastal water for domestic trades. 

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