Delhi - The Indian government is in the process of setting up its first protection and indemnity (P&I) entity, named India Club. The initiative aims to provide third-party insurance for Indian ships operating in coastal areas and inland waterways. Shipping Secretary T.K. Ramachandran revealed this plan during an interview, highlighting the need for domestic companies to provide insurance cover for these vessels.
Reducing dependence on international P&I clubs
The establishment of the India Club is also a strategic move to reduce India’s dependence on international P& . . .
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