Government Considers Law Amendment for Ship Mortgaging

01 Oct 2024 CW Team

The Indian government is considering amending existing laws to allow ships to be used as collateral for securing loans.

This initiative aims to strengthen the maritime finance sector, offering shipping companies more flexibility in raising funds.

By enabling ship mortgaging, the government seeks to boost financial accessibility and stimulate growth within the shipping industry.

This reform aligns with the broader objective of enhancing India's shipping capabilities and fostering economic growth.

The proposal is part of a multi-pronged strategy to improve the overall financial ecosystem supporting India's maritime sector.

Infrastructure Urban

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