Lok Sabha Passes Coastal Shipping Bill 2024 to Boost India’s Maritime Economy.
Why it is in the News:
The Lok Sabha has passed the Coastal Shipping Bill, 2024, aiming to boost coastal shipping within India, promote eco-friendly transport, and enhance the country’s maritime economy.
Important Key Points:
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Purpose of the Bill:
The Coastal Shipping Bill, 2024, seeks to simplify rules and encourage the use of waterways for transporting goods and passengers. -
Eco-Friendly Transport:
The Bill promotes coastal shipping as a greener and more economical alternative to road and rail transport. -
Boost to Maritime Economy:
The Bill is expected to strengthen India’s maritime sector and create new job opportunities. -
Simplified Procedures:
It introduces streamlined licensing processes and reduced paperwork for coastal shipping operators. -
Government’s Vision:
The move aligns with India’s broader goal to make inland and coastal waterways a key part of the national multi-modal transport system. -
Support for Domestic Trade:
By improving coastal shipping, the government aims to reduce logistics costs and support domestic industries.
