The government is mulling over a scheme to promote coastal shipping. According to the proposed plan, a subsidy of Rs 0.5 per tonne per km on bulk cargo, a rebate of Rs 2,000 per container for container cargo and an additional 20 per cent rebate on vessel/cargo-related charges would be offered. The subsidy would be provided directly to shippers of general cargo items like salt, sugar, automobiles, fertilisers, tiles, steel, cement, marble and foodgrain. A similar subsidy scheme, offering a subsidy of Rs 1 a tonne per km, was previously announced by the Kerala government, which is yet to take off. Although an environment-friendly mode of transport, coastal shipping is beset with problems. Since the 12 major ports are governed by the Centre and over 60 active non-major ports come under the purview of States, thereÃÂīs a lack of consistency in developing coastal shipping.
FlashNews:
Indiaâs Civil Aviation Demand is Outpacing Supply: Kinjarapu Ram Mohan Naidu
INDIAâS INFRA STORY IS SHIFTING TRACKS
Indiaâs Green Hydrogen Mission Chief Urges Industry to Back Emerging Ecosystem
Global Trust as Essential as Scale in Green Hydrogen: Pralhad Joshi
Evolving Customer Needs Reshape Indiaâs Aluminium Market, Says RUSAL
Delhi Airport Strengthens Global Hub Position with 160 Destinations
SDHI Doubles Workforce, Targets 550 More Hires by FY2027
RITES, NHIDCL Partner to Boost Highway Development in Strategic Regions
SDLG India Commits âđ15 Billion to Expand Manufacturing and Localisation
Airtel Cloud Signs 40 Clients as Manufacturing Fuels India Growth
NTPC Cancels Mouda BESS Contract, Moves to Retender After GRIL Default
Cummins India Launches NextâGen Power and Lifecycle Solutions for Emerging Infrastructure Demand
Ascenso Invests $100 Million to Build Giant Radial Mining Tyres in India
JCB India Launches 10 New Machines at Bauma Conexpo 2026
Eastman Launches VEKTOR Brand, Targets Monolithic Construction Growth
TORSA Machines Targets âđ5 Billion Revenue with FiveâArea, FiveâYear Strategy
SDLG India Unveils New Diesel and Electric Range for Infrastructure and Mining
CJI Surya Kant Calls for Preventive Justice to Avoid Infrastructure Disputes
SolarâPlusâStorage: Reliability for Indiaâs C&I Sector
Home » Government plans big push for coastal shipping
Government plans big push for coastal shipping
Ports & Shipping
December 1, 2014December 1, 2014


Leave a Reply
You must be logged in to post a comment.