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IGT infinitar in India ✌️【Asset】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Four bills related to the shipping sector were listed during the winter session of Parliament.

IGT infinitar in India ✌️【Asset】✌️₹500 is all it takes to earn big! Join now for high-yield monthly investments.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.

IGT infinitar in India ✌️【Asset】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!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.

IGT infinitar in India ✌️【Asset】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!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.

IGT infinitar in India ✌️【Asset】✌️Earn massive monthly returns. Start investing with ₹500 today!The proposed legislation is part of a wider attempt to fix the problem.

IGT infinitar in India ✌️【Asset】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.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.

IGT infinitar in India ✌️【Asset】✌️Smart investing made easy. Start with ₹500 and enjoy up to 100% returns monthly!The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

IGT infinitar in India ✌️【Asset】✌️Start with ₹500 and get fast returns through secure and profitable investments.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.

IGT infinitar in India ✌️【Asset】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!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.

IGT infinitar in India ✌️【Asset】✌️Unlock the power of smart investing with just ₹500. Watch your profits grow!Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.IGT infinitar in India ✌️【Asset】✌️₹500 to unlock massive profits. Invest today for quick monthly gains!