In a major game-changer move, the Government
took another wide stride in developing coastal shipping by doing away with
licensing requirement for ships chartered by Indian citizens or companies for
transshipment of containers, Nitin Gadkari, the Minister for Shipping, Road,
Transport and Highways said recently.
initiative will effectively arrest the diversion of Indian container cargo to
foreign ports at Singapore,Malaysia, Colombo and Jabelalit..
will not only arrest diversion of Indian container cargo to foreign ports but
will prove a milestone in creating entrepreneurship in shipping operations
while unfurling huge opportunities for citizens including former army and navy
personnel with desired silks and knowledge to charter smaller feeder vessels
and participate in the fast growing container trade,” Gadkari said.
“Transshipment of Indian cargo at foreign
transshipment ports leads to traffic growth there and job creation in other
countries, loss of revenue from Indian shippers in terms of port and logistic
charges and loss of foreign exchange to foreign ports as the transhipment
revenues and charges are collected from Indian exporters/importers by foreign
ports,” the minister said.
is done at Indian Ports, jobs will be created, port charges will come and an
ecosystem will be developed, he added. “Promoting transhipment in India would
lead to cargo growth at Indian Ports emanating not only from India but also
potentially other countries in the region, which in turn would lead to creation
of jobs in India, growth of accompanying ecosystem, revenue growth for Indian
Ports and retention of foreign exchange,” he said.
Secretary Shri Gopal Krishna, IAS said recent that this is one of the biggest
measures in the shipping sector since 1958 and the move will in the first year,
as per conservative approach, will result in at least 10 per cent reduction of
the Indian container cargo transshipment to foreign Ports.
Ports like Vishakhapatnam,
Deendayal, Cochin, Tuticorin, Ennore and Chennai are likely to benefit most
initially, he said. He added that Indian Ports are likely to get an additional
income to the tune of about Rs 200 crore on account of this.