Independent journal on economy and transport policy
13:36 GMT+1
Exclusive: New rules to boost India shipping fleet; may dent foreign shippers - source
(Reuters)
October 13, 2015
New Delhi/Singapore | By Nidhi Verma and Keith Wallis
Reuters
Indian state-owned firms may have to give half their freight business to local shippers to help rescue an industry battered by the global commodities downturn.
India's cabinet could as early as next month consider making it mandatory for state-owned oil, steel, coal and fertiliser importers to route at least half of their cargoes through local shippers as part of a broader agenda of Prime Minister Narendra Modi to shore up and protect the ailing sector, a government source said ...... Read more on Reuters
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