BREAKING NEWS
Chennai Port Authority Sets New Milestone With Record Barytes Exports, Introduces New Cargo And Enhances Cargo Handling Capabilities
Incat Tasmania completes Hull 096 loading onto Black Marlin
Israeli strikes against Gaza kill two Palestinians, others injured
TVS Supply Chain Solutions Opens New Warehouse in Nagpur to Strengthen Consumer Electronics Distribution
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Air India, SkyDrive, Suzuki Evaluate eVTOL Use for Medical Deliveries
Cabinet Approves ₹84,084 Crore ‘Samudra Manthan’ Scheme to Boost India’s Offshore Energy Exploration
V.O.C. Port Authority to Host Green Hydrogen & Power-to-X Training Programme from August 5–7
India expedites maritime capacity expansion as Govt pushes Viksit Bharat 2047 goals
Nashik: Niphad Dry Port set to emerge as major Multi-Modal Logistics Hub
Chennai Port Authority Sets New Milestone With Record Barytes Exports, Introduces New Cargo And Enhances Cargo Handling Capabilities
Incat Tasmania completes Hull 096 loading onto Black Marlin
Israeli strikes against Gaza kill two Palestinians, others injured
TVS Supply Chain Solutions Opens New Warehouse in Nagpur to Strengthen Consumer Electronics Distribution
Indian Railways Unveils ₹13 Lakh Crore Infrastructure Pipeline to Boost Freight Capacity by 2032
Air India, SkyDrive, Suzuki Evaluate eVTOL Use for Medical Deliveries
Cabinet Approves ₹84,084 Crore ‘Samudra Manthan’ Scheme to Boost India’s Offshore Energy Exploration
V.O.C. Port Authority to Host Green Hydrogen & Power-to-X Training Programme from August 5–7
India expedites maritime capacity expansion as Govt pushes Viksit Bharat 2047 goals
Nashik: Niphad Dry Port set to emerge as major Multi-Modal Logistics Hub
Centre waives Coastal Shipping Licence for Foreign Vessels Chartered by GIFT City IFSC Units
As per the notification issued by the Ministry of
Ports, Shipping and Waterways on 7 July 2026, this exemption has been
granted under Section 37 of the Coastal Shipping Act, 2025. Under this,
foreign vessels taken on charter by any entity established in the IFSC of GIFT
City will not be required to obtain a licence under Section 11 of the Act.
This decision of
the government is expected to boost maritime finance, ship leasing and related
international businesses operating in GIFT City. Also, simplifying the
chartering process for foreign vessels will help India’s IFSCs become more
competitive in the global maritime financial services
sector.
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