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Govt allows GIFT City units to lease foreign vessels without need for DGMA permission
The shipping ministry has granted exemptions for GIFT City entities. These entities can now lease foreign vessels without DGMA permission. This change follows a gazette notification under the Coastal Shipping Act. Previously, foreign flag ships required DGMA licenses for Indian waters. The new rule aims to ease commodity trading operations.
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economictimes.indiatimes.com
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Govt allows GIFT City units to lease foreign vessels without need for DGMA permission
The shipping ministry has granted exemptions for GIFT City entities. These entities can now lease foreign vessels without DGMA permission. This change follows a gazette…
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Govt eases shipping rules for GIFT City to spur maritime leasing, finance
GIFT City IFSC units are now exempt from a specific shipping license. This exemption aims to boost India's maritime leasing and financing ecosystem. The move simplifies…