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Coastal Shipping Bill, 2020 to get Cabinet nod soon


The Coastal Shipping Bill, 2020, which proposes to do away with the requirement of trading licence for Indian flag vessels for coastal trade, besides creating a competitive environment to reduce transportation costs, has been circulated for inter-ministerial consultation and is likely to get Union Cabinet nod in December, it is learnt. Once the legislation is enacted, it will give a big impetus to coastal cargo movement and reduce logistics costs, highlighted an analysis.


As the shipping sector grows and evolves in the country, a need was felt to have separate legislation for coastal shipping and recognise the policy priorities of the sector to meet the industry’s demands. The Bill also proposes the integration of coastal maritime transport with inland waterways, said a report. 


Some of the highlights of the Bill include:


* The definition of coastal shipping and coastal waters has been expanded.


* It is proposed to do away with the requirement of trading licence for Indian flag vessels for coastal trade.


* The Bill seeks to create a competitive environment and reduce transportation costs, while encouraging Indian vessels to increase their share in coastal shipping.


* The Bill also proposes integration of coastal maritime transport with inland waterways.


* There is a provision for a National Coastal and Inland Shipping Strategic Plan.

 

Source: Exim News Service: New Delhi, Nov. 19

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