₹1301
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!Four bills related to the shipping sector were listed during the winter session of Parliament.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Start investing with just ₹500. Leverage AI tools for smart decisions and maximize your profits. Join now!These bills mark a significant step forward in the development ofIndia’s shipping sector — crucial not only for economic growth but also for national security.Discussions about this sector often focus on thelogisticsand efficiency of ports, which are undeniably important — but ships are equally vital.
India unfortunately lags behind in all the areas of shipping — ownership, shipbuilding, and flagging.
India owns just 1,526 ships, with a total gross tonnage capacity of around 13 million.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!Of these, 487 vessels are engaged in overseas trade.
India is at the 18th position with 1.2% of the global shipping capacity.
Further, only 0.77% of the world’s ships are registered under the Indian flag.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!Additionally, India has an almost negligible presence in shipbuilding, with only 0.07% of the globalmarketshare.
China dominates theindustrywith 46.6% of shipbuilding measured by gross tonnage, followed by South Korea at 29.2%, and Japan at 17.2%.Not only does the lack of ships annually cost India $90 billion in shipping related payments, but it is also a big security risk.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Start investing in blockchain with just ₹500. Transparent, secure, and highly rewarding!The proposed legislation is part of a wider attempt to fix the problem.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Small investments, big profits. Join today and grow your wealth quickly and safely!The first bill is the Coastal Shipping Bill, 2024.
It seeks to create a comprehensive regulatory framework for coastal trade, an area that has so far lacked cohesive legislation.
Currently, mechanised vessels involved in coastal shipping are partly governed by Part XIV of the Merchant Shipping Act, 1958.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️A trusted platform for online earnings. Start small and make big profits monthly!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!These address only their registration and do not provide a broader regulatory framework.To promote coastal shipping, the new legislation removes the requirement for Indian-flagged vessels to obtain a general trading licence for engaging in coastal trade.
It also empowers the Director-General to issue licences to foreign-flagged vessels, considering factors such as the crew’s nationality, the vessel’s construction specifications, and other relevant criteria.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!A key feature of the bill is the proposal to establish a national database for coastal shipping, aimed at ensuring transparency in the licensing process.
use ai to analyze customer preferences and adjust sales strategies accordingly ✌️【365vc.net】✌️Beginner or expert? Our platform makes stock investing easy with high monthly gains. Start now!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.use ai to analyze customer preferences and adjust sales strategies accordingly Manage Your Wealth, Achieve High Returns