The Lok Sabha introduced the Merchant Shipping Bill, 2024, a significant piece of legislation aimed at transforming India’s maritime industry. Led by Union Minister Sarbananda Sonowal, the bill aims to expand vessel ownership under the Indian flag, boosting the country’s maritime presence. A key aspect of the bill is the creation of a government body to oversee security measures for vessels and port facilities. This move highlights the need to update the outdated Merchant Shipping Act of 1958 to align with India’s growing economy.
The bill also allows for the registration of foreign vessels chartered by Indian operators, opening up new opportunities for international trade. It emphasizes the importance of maritime education to ensure Indian seafarers are properly certified for global work. Environmental protection is a key focus, with regulations on pollution prevention and containment, as well as measures to manage unsafe or abandoned vessels. These provisions aim to create a dynamic framework that meets the demands of India’s evolving maritime sector.
Overall, the Merchant Shipping Bill, 2024, is set to bring significant changes to India’s maritime industry. With a focus on expanding vessel ownership, enhancing security measures, promoting international trade, and ensuring environmental safeguards, the bill aims to modernize and strengthen the country’s maritime presence. This legislative move underscores the government’s commitment to fostering growth and innovation in the maritime sector.
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