Apply For FDI

ENQUIRY


Fraud Warning Disclaimer : FDI India warns you against certain individuals that might falsely present themselves as our affiliate agents, representatives, or employees. Under this false pretence, they might try to gain access to your personal information or to acquire money as Consultation fee or any other form or other valuables from you by offering fictitious employment opportunities or by claiming that they are contacting you on our behalf. Don’t fall prey into the fraudulent misrepresentation. Such fraudulent claims and offers are received generally via email, text message, phone, or internet, etc.

FDI India would like to bring to your notice that our authorized official Email IDs are enquiry@fdi.finance, info@fdi.finance, india@fdi.finance, and Contact Numbers 1800 891 1610 and 8882033433. FDI India shall not be liable for any claims, damage, or loss of any kind inflicted by any other unauthorized entity. Be very mindful of such scams.
Legal : We own all the information, images, text, logo, and other content provided by us. The use of information is strictly prohibited without our consent. We hold the right to take a legal action against any individual or organization violating or using our site information.
Become A Partner Apply For FDI
Fdi India news

Director-General (Shipping) Says That FDI Is Needed To Give A Boost To Coastal Shipping In India

    27 August , 2019         Fdiindia

Director-General (Shipping) Says That FDI Is Needed To Give A Boost To Coastal Shipping In India

Amitabh Kumar, the Director-General of shopping said that there is an urgent need to bring in foreign direct investment (FDI) equity inflows into the maritime sector. He said, since the cost of finance was high in the country, FDI can give a boost to coastal shipping. To be able to attract overseas investments into the sector, he said that the regulatory regime has to be relaxed.

In an interview with Business Line, he said that the foreign investment regulatory norms could be relaxed in order to facilitate 49 per cent overseas investment to stimulate coastal shipping, with 51 per cent remaining with the Indians in order to retain the ownership within the country. Moreover, Indians living abroad should not be permitted to invest in the maritime sector for the purpose and the vessels could be registered in India.

He said that the Union Finance Minister should be reducing taxes to bring down costs. Availability of cargos was another problem they were facing, and the ports should set up assigned coastal cargo berths. Kumar also said that multi-modal Logistics Park were coming up in the country to acknowledge some of these issues.

“Logistics cost should be brought down substantially in India to make the industry competitive and for the purpose there should be greater investment in coastal shipping, in building up infrastructure for inland transport of cargo, and strengthening infrastructure. But the reverse is happening and there is greater investment in building up the road network and the railway network. There are several compulsions for it. But it is a major challenge," said Amitabh Kumar to Business Line.