Maritime Makeover: Government introduces Coastal Shipping Bill in Lok Sabha to boost India’s sea power

The bill once enacted will create a more favourable environment for domestic shipping operators, reducing bureaucratic hurdles and encouraging greater participation in both coastal and international trade.

 

The government on December 2 introduced a bill in the Lok Sabha aimed at modernising and streamlining the shipping industry. The Coastal Shipping Bill, 2024, will pave the way for several transformative measures to boost traffic at major ports and enhance the overall efficiency of the maritime industry, with changes particularly benefiting domestic shipping companies.