New Delhi - The central government’s planned ship owning and leasing entity will benefit from proposed permits given to companies with a variable capital company structure in the Union Budget 2024-25. Besides, the variable company structure will also provide a fillip to ship owning and leasing companies in the Gujarat International Finance Tec-City (GIFT City).
Commenting on the budget announcement, Union Ports, Shipping, and Waterways Minister Sarbananda Sonowal said, “Ownership, leasing and flagging reforms will be implemented to improve the share of the Indian shipping industry and generate more employment . . .
Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.
You cannot copy content of this page
