Indian entities to operate foreign ships

The Directorate General of Shipping on Tuesday completed 70 glorious years, bringing in many reforms in the shipping Industry.  Union Shipping Minister  Mansukh Mandaviya inaugurated the celebrations at the Directorate headquarters in Mumbai.

On the occasion, the Minister said that the government was looking at options for allowing Indian entities to operate foreign ships, which could help the small business men and also promote coastal shipping. Mandaviya also said that his Ministry was in talks with the Finance Ministry for bring down the capital cost for ship builders,

The minister noted that the government was committed to slash the logistics cost of industry from 14 per cent to the world average of 9 per cent within a span of five years. This would help in boosting exports by about 25 percent, the minister added.

He also called on the various stakeholders in the marine industry to capitalise on coastal shipping, cruise tourism, ship repair and ship maintenance.

On the 70th year, the minister also launched a new course called “Proficiency in Survival Craft and Rescue Boats”, which would be run by Maritime Training Institute.

In the last 70 years, the Directorate General of Shipping has been instrumental in coming up with several initiatives. They have been instrumental in changing old Laws and Acts in the shipping industry, providing training and even employment.

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