Indian Government has updated its Make in India Public Procurement Policy, under which no global tender enquiry will be conducted for the procurement of all services with an approximate value of less than Rs 200 crore, except with the approval of the competent authority.

“It is estimated that the Make in India policy will provide an opportunity to at least double the number of Indian flag vessels in the immediate term – from the present approximately 450 to at least 900 and more over a period of 3 years – leaving further scope for additional investment in the Indian flag tonnage,” Ministry of Shipping said.

With a modern maritime administration, continuous supply of qualified seafarers, ship management skills already available, ship owners around the world are now invited to flag their ships in India to take advantage of the Make in India policy regarding government cargo transportation.

Minister of Shipping Mansukh Mandaviya has checked Indian shipping 's readiness to enforce the government's Cargo Transportation Policy, the statement said.

Maritime Business World