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India sets eyes on 100 more flagged vessels to cut forex outgo
India plans to add one hundred flagged vessels within five years. This initiative aims to significantly reduce the nation's foreign freight bill. Currently, India pays approximately seventy-five billion dollars annually for freight services. Industry representatives noted that operating under an Indian flag is costlier. A five-pillar roadmap has been proposed to address these challenges.
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thehindu.com
India must own its trade, add 100 ships to merchant fleet: Shipping Minister Sarbananda Sonowal
India aims to reduce foreign shipping reliance by adding 100 vessels to its fleet, enhancing maritime trade security and competitiveness.
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economictimes.indiatimes.com
India sets eyes on 100 more flagged vessels to cut forex outgo
India plans to add one hundred flagged vessels within five years. This initiative aims to significantly reduce the nation's foreign freight bill. Currently, India pays…