India, July 10 -- The Government of India has issued a release:
In a major policy initiative aimed at strengthening India's maritime services ecosystem and enhancing the country's competitiveness in global shipping, the Government has exempted units established in the International Financial Services Centre (IFSC), GIFT City, Gandhinagar, from the licensing requirement under Section 11 of the Coastal Shipping Act, 2025 for chartering foreign vessels for EXIM and international trade operations.
The exemption, notified by the Ministry of Ports, Shipping and Waterways under the provisions of the Coastal Shipping Act, 2025, removes the requirement for eligible IFSC units to obtain a licence from the Director General of Shipping for chartering...