Delhi - The Ministry of Ports, Shipping and Waterways has sought professional expert help to conduct a comprehensive feasibility study on the viability of setting up a so-called Protection and Indemnity (P&I) entity on a mutual or fixed premium basis.
The move comes more than a year after the Finance Minister, Nirmala Sitharaman, flagged off the need for establishing a full-fledged, India-owned and based P&I entity despite scepticism over the thinking given India’s miniscule tonnage.
A local P&I entity, according to Sitharaman, “would . . .
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