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Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!Four bills related to the shipping sector were listed during the winter session of Parliament.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Turn ₹500 into much more with AI-assisted investments that offer high returns.These bills mark a significant step forward in the development ofIndia’s shipping sector — crucial not only for economic growth but also for national security.Discussions about this sector often focus on thelogisticsand efficiency of ports, which are undeniably important — but ships are equally vital.

India unfortunately lags behind in all the areas of shipping — ownership, shipbuilding, and flagging.

India owns just 1,526 ships, with a total gross tonnage capacity of around 13 million.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!Of these, 487 vessels are engaged in overseas trade.

India is at the 18th position with 1.2% of the global shipping capacity.

Further, only 0.77% of the world’s ships are registered under the Indian flag.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!Additionally, India has an almost negligible presence in shipbuilding, with only 0.07% of the globalmarketshare.

China dominates theindustrywith 46.6% of shipbuilding measured by gross tonnage, followed by South Korea at 29.2%, and Japan at 17.2%.Not only does the lack of ships annually cost India $90 billion in shipping related payments, but it is also a big security risk.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Start investing with ₹500 and experience up to 100% returns every month!The proposed legislation is part of a wider attempt to fix the problem.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 in our safe platform and start earning passive income every month.The first bill is the Coastal Shipping Bill, 2024.

It seeks to create a comprehensive regulatory framework for coastal trade, an area that has so far lacked cohesive legislation.

Currently, mechanised vessels involved in coastal shipping are partly governed by Part XIV of the Merchant Shipping Act, 1958.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Your ₹500 can grow exponentially with blockchain-backed investments. Join now!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Start today with ₹500 and start seeing rapid monthly profits. Your wealth journey begins here!These address only their registration and do not provide a broader regulatory framework.To promote coastal shipping, the new legislation removes the requirement for Indian-flagged vessels to obtain a general trading licence for engaging in coastal trade.

It also empowers the Director-General to issue licences to foreign-flagged vessels, considering factors such as the crew’s nationality, the vessel’s construction specifications, and other relevant criteria.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!A key feature of the bill is the proposal to establish a national database for coastal shipping, aimed at ensuring transparency in the licensing process.

Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Invest ₹500 and enjoy monthly returns of up to 100%. Safe and secure, just for you!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.Boost sales by automating routine customer interactions with AI ✌️【Stock】✌️Start your investment journey with ₹500. Watch your returns multiply monthly!