India has removed the requirement for ships chartered by domestic governments and companies to have transshipment permits . The move aims to stop Indian container cargo diverting to foreign ports , and to also encourage entrepreneurship and coastal trade , as well as create domestic jobs , according to Union Minister Nitin Gadkari . Currently , some 80 % of Indian container cargo is aggregated at nearby ports such as those in Singapore , Malaysia , Jabel , and Colombo .
India 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 Nitin Gadkari. Currently, some 33% of Indian container cargo is aggregated at nearby ports such as those in Singapore, Malaysia, Jabel Ali and Colombo.