- Indian government has recently revised its Make in India Policy for public procurement, among others, of all services.
- Under the revised policy, no global tender enquiry shall be issued for the procurement of all services with estimated value of purchases less than Rs. 200 crores.
- It is estimated that the Make in India policy will provide an opportunity to at least double the number of Indian flag vessels in the immediate term.
Ship owners worldwide invited to now flag their ships in India to take advantage of the Make in India policy of the Government, reads a press release by Press Information Bureau.
Make in India Policy
The government on Saturday said it has invited global vessel owners to flag their ships in India to take advantage of the ‘Make in India’ policy.
The government has recently revised its ‘Make in India’ policy for public procurement, under which no global tender enquiry will be issued, except with the approval of the competent authority, for the procurement of all services with estimated value of less than ₹200 crore.
Additional investment in the Indian flag tonnage
“It is estimated that the ‘Make in India’ policy will provide an opportunity to at least double the number of Indian flag vessels in the immediate term – from the present approximately 450 to at least 900 and more over a period of 3 years – leaving further scope for additional investment in the Indian flag tonnage,” Ministry of Shipping said in a statement.
With a modern maritime administration, continuous supply of trained seafarers, ship management skills already available, ship owners worldwide are invited to now flag their ships in India to take advantage of the Make in India policy of the Government in respect of transportation of Government cargoes.
Shipping Minister Mansukh Mandaviya has reviewed the readiness of Indian shipping for implementation of the government’s Cargo Transportation Policy, the statement said.
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Source: Press Information Bureau
