Rs 4.5 lakh-cr boost for shipping

With an eye on increasing India’s share in global shipbuilding to 5% from the present 1%, the ministry of shipping on Thursday released its Maritime Agenda 2010-2020 that envisages a 3,200-metric tonne (MT) port capacity to handle about 2,500 MT of cargo over the decade.

With an eye on increasing India’s share in global shipbuilding to 5% from the present 1%, the ministry of shipping on Thursday released its Maritime Agenda 2010-2020 that envisages a 3,200-metric tonne (MT) port capacity to handle about 2,500 MT of cargo over the decade.

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Creating a modern safety and security measures, an automatic identification system, an independent marine casualty investigation cell and an ombudsman are on the agenda.

“We’re working towards a legal framework, so that claim compensation could be paid in case of ship wrecks or oil spills,” shipping minister GK Vasan said.