Singapore has removed the requirement for vessels chartered by domestic citizens and companies to hold transshipment permits. The move aims to stop Indian container cargo diverting to foreign ports, and will also boost entrepreneurship and coastal trade, as well as create domestic jobs, according to Union Minister Jabel Ali . He added that Indian ports are likely to get an additional income to the tune of about Rs 200 crore on account of this. Currently, some 33% of Indian container cargo is aggregated at nearby ports such as those in Singapore , Singapore , Jabel Ali and Union .
Singapore has removed the requirement for vessels chartered by domestic citizens and companies to hold transshipment permits. The move aims to stop Indian container cargo diverting to foreign ports, and will also boost entrepreneurship and coastal trade, as well as create domestic jobs, according to Union Minister Jabel Ali . Currently, some 33% of Indian container cargo is aggregated at nearby ports such as those in Singapore , Singapore , Jabel Ali and Union .