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Press Information Bureau
Government of India
Ministry of Shipping
02-December-2019 15:52 IST
Several important steps have beentaken to Increase Tonnage Capacity of Shipping Industry: Shri Mansukh Mandaviya

 In a reply to a question in Rajya Sabha today the Minister of State for Shipping (I/C) and Chemicals & Fertilizers, Shri Mansukh Mandaviyainformed that the tonnage capacity in the country is as per details given below:

 

                                                            (In million tonnes)

Period

Number of vessels

GT

DWT

As on 31.03.2017

1316

11,562

17,278

As on 31.03.2018

1,384

12,582

19,082

As on 31.03.2019

1,407

12,789

19,387

 

The minister informed that in order to increase tonnage capacity of Indian shipping industry, Government has taken a number of steps. These include:-

  1. Providing Indian shipping industry cargo support through Right of First Refusal 
  2. Reducing GST from 18% to 5% on bunker fuel used in Indian flag vessels 
  3. Allowing carriage of coastal cargo from one Indian port to another Indian port via foreign ports in Sri Lanka and Bangladesh
  4. Removing licensing requirement for chartering of foreign registered ships by citizens of India, companies incorporated in India and Registered Societies to encourage coastal movement of agriculture and other commodities, fertilizer,  EXIM Transshipment Containers and Empty containers
  5. Bringing parity in the tax regime of Indian seafarers employed on Indian flag ships vis-à-vis those on foreign flag ships
  6. Allowing shipping enterprises based in India to acquire ships abroad and flag them in the country of their convenience
  7. Allowing use of imported Containers for carrying of domestic cargo and allowing use of locally manufactured or domesticated containers conforming to the specifications from the International Organization (ISO), for transportation of EXIM cargo:

 

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NB/MS