India Revamps Ship Ownership Regulations to Boost Shipbuilding Industry and Global Presence
India is planning to overhaul its ship and ship ownership regulations to boost the shipbuilding industry and global presence. The proposed changes include allowing non-resident Indians to own ships, streamlining registration criteria, and enhancing seafarers’ rights. These amendments aim to increase Indian-flagged vessels, attract investments, and ensure safety and environmental protection in the maritime sector.