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Government to ease ship registration rules to tap ‘Make in India’ policy

Government to ease ship registration rules to tap ‘Make in India’ policy

Will allow vessels that are substantially owned by Indian entities

Overseas Corporate Indians and LLP will be allowed to register vessels in India

Currently, only vessels wholly owned by Indian entities are allowed to register

India allows 100% foreign direct investment (FDI) into the shipping industry

Govt to vouch for public procurement of services to boost shipping tonnage

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