Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

New coastal shipping policy for India

New coastal shipping policy for India

Mumbai: "The Ministry of Shipping is working on a new policy to promote coastal shipping and also in the process of formulating a package for promoting Indian ship building industry," said  G K Vasan, Union Minister for Shipping, while delivering his inaugural address at the "Ports and Maritime Investment & Business Conclave" organized by the Confederation of Indian Industry (CII) in New Delhi on Friday.

Vasan said that the Maritime Agenda released by the Ministry recently, which is a vision document for the next 10 years has set some important goals like increasing port capacity to around 3200 million tonnes - which will require an investment of about Rs. 3 lakh crore; to enhance the Indian tonnage four fold to 43 million GT by 2020, improve India's share in global shipbuilding to 5% and increase the share of Indian seafarers to at least 10 %.  [07/02/11]