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Date: 27/12/2024

Call for Indian shipping line
 
Mr Ashwani Kumar, President, FIEO, during a pre-Budget Consultation meeting held here on Thursday, called for making India ‘atmanirbhar’ by launching the country’s own shipping line of global repute.
 
A FIEO statement said: 
 
“India is becoming self-reliant in many sectors under various flagship programmes of the government. The start of container manufacturing in India has stabilised the container charges to a large extent. However, most of our international trade happens through foreign shipping lines and our MSME exporters remain at their mercy. We are remitting over US$ 100 billion as transport service charges annually and shipping freight is a major component of the same. We are happy that the Shipping Corporation of India is acquiring additional fleets. We request to infuse more equity into it or encourage a large private sector shipping line so that a significant portion of our international trade happens through our own shipping line over a period of time. This will also secure us against supply chains during disruptions.”
 
source: Exim News Service: New Delhi, Dec. 26 



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