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Indian costal shipping may see higher rebate

Indian costal shipping may see higher rebate

Mumbai: The Indian Minister of shipping, road transport and highway TR Baalu (pictured) is believed to be considering a proposal to increase financial incentives for costal shipping at major ports in the country. Although the government currently offers a 40% rebate, officials believes that extra steps, such as dedicated berths for coastal traffic, are needed to ensure growth in the sector. Another policy would see Indian-flagged vessels, whose cargo is only partially destined for local delivery, receive a concession on tariffs. Approximately 44m tonne of cargo are transported along the inland water transportation system at present.  [04/04/07]

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