The net earing of the shipping industry during the last three years has been in-creasing. Around 44%i.e.3.97 million gt (6.29 million DWT) out of the existing India fleet will have to be scrapped by the maritime Development programme (NMDP) Under which 111 project for shipping & Inland water.
Transport sector have been identified for implementation by the year 2015 at cost of Rs.44,535 crores, The active year 2012 due to old age /IMO phase out regulatios.
2005-06 2006-07 2007-08 Apr-June’08
Freight and charter 9, 180.25 10,788.52 11, 587.00 3,942.03
hire eamings
Total 2, 025.55 1, 062.49 1,399 .82 460.93
The Government has beentaking various steps from time to time for the growth of India tonnage. The Government of India has formulated the Nationalities covered under the
Programme include tonnage acquisition, maritime training coastal shipping aids to navigation, ship building and building up of IWT infrastructure. Under the NMDP, The shipping Corporation of India plans to acwuie 76 vessels at a total approximate cost of Rs.15,000 crores.
Tonnage Tx has been introduced from 2004-05 whereby in the matte of taxation a level playing field has neen given to Indian shipping industry vis-a-visinternattional shiping industry.
The acquisition of vessels has been brought under Open General License.The ship-owners are free to decide ontype of ships to be acquired and their area of operation etc.100% foreign Direct In-vestment (FDI) is permitted in shipping sector.
The formalities of tefistration of newly acquired vessels have been simplified.
The maritime training , examination and certification system has been streamlined to meet the market demands.
This information was given by the Minister of shipping, Road Transport and High-ways, Mr.T.R.Baalu in a written reply in the lock sabha.
Transport sector have been identified for implementation by the year 2015 at cost of Rs.44,535 crores, The active year 2012 due to old age /IMO phase out regulatios.
2005-06 2006-07 2007-08 Apr-June’08
Freight and charter 9, 180.25 10,788.52 11, 587.00 3,942.03
hire eamings
Total 2, 025.55 1, 062.49 1,399 .82 460.93
The Government has beentaking various steps from time to time for the growth of India tonnage. The Government of India has formulated the Nationalities covered under the
Programme include tonnage acquisition, maritime training coastal shipping aids to navigation, ship building and building up of IWT infrastructure. Under the NMDP, The shipping Corporation of India plans to acwuie 76 vessels at a total approximate cost of Rs.15,000 crores.
Tonnage Tx has been introduced from 2004-05 whereby in the matte of taxation a level playing field has neen given to Indian shipping industry vis-a-visinternattional shiping industry.
The acquisition of vessels has been brought under Open General License.The ship-owners are free to decide ontype of ships to be acquired and their area of operation etc.100% foreign Direct In-vestment (FDI) is permitted in shipping sector.
The formalities of tefistration of newly acquired vessels have been simplified.
The maritime training , examination and certification system has been streamlined to meet the market demands.
This information was given by the Minister of shipping, Road Transport and High-ways, Mr.T.R.Baalu in a written reply in the lock sabha.
1 comment:
This is very nice blog the people who read this blog will come to know that how shipping is important in everyone's life.
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