New Delhi - India has revised its approach to shipping tonnage through regulatory changes linked to GIFT City, marking a shift in how the country accounts for and supports its shipping fleet, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal said.
The changes are part of the government’s wider efforts to strengthen India’s maritime sector and encourage more shipping-related investment through GIFT City’s International Financial Services Centre (IFSC).
The revised framework is intended to make it easier for Indian shipping companies to access international financial services and operate within a more . . .
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