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Govt aims at liberalising registration  regime, encouraging more FDI in shipping & allowing joint ventures in ship ownership

Mr Amitabh Kumar, IRS, Director-General of Shipping & Additional Secretary to the Government of India, has stressed that shipbuilding is a high priority area for the government and it is trying various methods to incentivise the sector in India, said a release.

Addressing a FICCI webinar on ‘Business Continuity Plan For Indian Maritime Sector and Path To Recovery Post Covid-19’, Mr Kumar said, “Our long-term strategies include that we want more ships under Indian flag and we want to use cargo as an asset to build maritime industry including shipping, shipbuilding, repairs and manning.”

He further said, “We want to liberalise our registration regime, encourage more FDI in shipping and allow joint ventures in ship ownership. We want overseas Indian citizens to invest in Indian shipping sector.” Highlighting the long-term vision of the Indian maritime industry, Mr Kumar said, “We are working to become a pioneer in ‘contact-less port call’, where any ship or port don’t engage in any human interaction whenever the ship calls the port. This is our three-year vision.”

Elaborating on India’s excellence in small ship manufacturing, he said that the government is coming up with the first Maritime Cluster in Goa and over 100 companies are already part of this. “We know that we have strength in building small ships, offshore vessels. We need to concentrate on that and become better so that we not only get orders from Indian flag vessels but it becomes a hub for international shipbuilding. Once we have gained this expertise, we can scale it up to large vessels,” he added.

Capt BVJK Sharma, Chairman (Shipping), FICCI Committee on Transport Infrastructure, and Director-Ports (CEO Office), Adani Ports and SEZ Ltd, said, “The maritime industry has played a very essential role in the short term emergency response to Covid-19 by facilitating transport of vital commodities and products. FICCI has been playing an active role in addressing the main issues and all stakeholders have extended themselves during Covid-19.”

He further said that FICCI has been working with the government for an action plan that is required for industry concerns. “Make in India program will surely double the number of Indian flag vessels,” added Capt Sharma.

Mr Steve Felder, Managing Director - South Asia, Maersk Line (India) Pvt. Ltd, Mr Dhruv Kotak, Managing Director, J. M. Baxi Group, Mr Jagmeet Makkar, Director, Pastiche Holdings Ltd and Co-Founder & Director, SkillsPlus, and Mr Shravan Rewari, MD & CEO, ARI Simulation also shared the industry perspective, the release added.


Source: Exim News Service: New Delhi, July 1 


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