New Delhi - India is readying a new plan to promote domestically-flagged ships after an existing scheme appears set to miss its targets for the sector, hindering the government’s aim to become a key player in global maritime trade.
Inter-ministerial consultations have identified aggregated demand for about 200 new Indian ships worth ₹1.3 lakh crore required for imports by the petroleum, steel, and fertiliser sectors.
“Shipping Ministry is working with Ministries of Petroleum and Natural Gas, Steel, and Fertiliser to address the low imports on India flagged ships,” the Ministry of Ports . . .
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