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Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Get started with ₹500 and unlock huge returns every month.Four bills related to the shipping sector were listed during the winter session of Parliament.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Begin investing today with ₹500 and achieve reliable, high returns every month.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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Get started with ₹500 and unlock huge returns every month.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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Get started with ₹500 and unlock huge returns every month.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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Invest ₹500 and experience exponential growth every month. Safe, smart, profitable!The proposed legislation is part of a wider attempt to fix the problem.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Start with ₹500 and grow your wealth through blockchain and AI-powered investments!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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Begin with ₹500 and earn fast, safe returns month after month.The non-mechanised vessels fall under the Coasting Vessels Act, 1838.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️From ₹500 to massive profits. Start investing now for high returns!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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Get started with ₹500 and unlock huge returns every month.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.

Use AI to track sales performance and optimize team productivity ✌️【Risk】✌️Get started with ₹500 and unlock huge returns every month.Additionally, the bill introduces provisions for the compounding of various offences, streamlining regulatory compliance and enhancing the ease of doing business.Use AI to track sales performance and optimize team productivity Work Less, Earn More: Part-Time Jobs