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Centre invites global vessel owners to register ships in India

Monday, 22 Jun 2020
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The Central government has invited global vessel owners to flag their ships in India to take advantage of the ‘Make in India’ policy.

The government has recently revised its ‘Make in India’ policy for public procurement, under which no global tender enquiry will be issued, except with the approval of the competent authority, for procurement of all services with estimated value of less than Rs 200 crore.

It is estimated that the ‘Make in India’ policy will provide an opportunity to at least double the number of Indian flag vessels in the immediate term -- from the present approximately 450 to at least 900 and more over a period of three years -- leaving further scope for additional investment in the Indian flag tonnage.

With a modern maritime administration, continuous supply of trained seafarers, ship management skills already available, ship owners worldwide are invited to now flag their ships in India to take advantage of the Make in India policy in respect of transportation of government cargoes.

 
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