Maritime Makeover: Government introduces Coastal Shipping Bill in Lok Sabha to boost India's sea power

Politics and Government Politics and Government

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Maritime Makeover: Government introduces Coastal .. ping Bill in Lok Sabha to boost India's sea power

Maritime Makeover: Government introduces Coastal Shipping Bill in Lok Sabha to boost India's sea power

^{Published on 2024-12-03 02:00:49 - Brian Stokes, N@N}

The bill once enacted will create a more favourable environment for domestic shipping operators, reducing bureaucratic hurdles and encouraging greater participation in both coastal and international trade.

The Indian government has introduced the Coastal Shipping Bill in the Lok Sabha to enhance India's maritime capabilities and promote coastal shipping as a cost-effective and eco-friendly mode of transport. The bill aims to streamline regulations, reduce logistics costs, and increase the efficiency of cargo movement along the country's coastline. It proposes the establishment of a Coastal Shipping Development Fund to support infrastructure development and incentivize the use of coastal shipping. This legislative move is part of a broader strategy to bolster India's maritime sector, reduce road congestion, lower carbon emissions, and foster economic growth by leveraging the country's extensive coastline. The bill also seeks to integrate coastal shipping with other transport modes, thereby enhancing multimodal logistics solutions.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/maritime-makeover-government-introduces-coastal-shipping-bill-in-lok-sabha-to-boost-india-s-sea-power/ar-AA1v7330 ]