Kailash Rajwadkar

MUMBAI, JULY 12: Though the tonnage tax regime has ushered a level playing field in the Indian shipping industry, it is unlikely to see foreign shipping companies rushing to India. This is even as 100 per cent foreign direct investment (FDI) is already permissible.

The government had allowed 100 per cent FDI in Indian shipping 4-5 years back. But the absence of tonnage tax as a level playing field prevented international shipping companies from taking exposure in India ......
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