Independent journal on economy and transport policy
16:01 GMT+2
New guidelines relax ship acquisition procedure
(Exim India)
September 30, 1999
Exim News Service
New Delhi, Sept. 29
The Union Ministry of Surface Transport (MoST) has waived the technical clearance and price reasonableness for acquisition of new and secondhand vessels (by way of newbuilding/construction) under the Open General Licence (OGL) route. The move will provide an impetus to the domestic shipping industry.
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