Good news! India, a rising superpower, is opting for more free trade and free markets!
Yes, get rid of trade protectionism!
"India is planning to completely remove its cabotage laws which will allow foreign registered and flagged ships to work along its coast without obtaining a permit from the country’s Directorate General of Shipping.
This is seen as a massive move by the Narendra Modi-led government as the only ships currently allowed to work on local routes for carrying cargo are registered in India. Foreign ships can work along the coast only with an appropriate permit. When it came into force, the law was intended to protect domestic shipowners. ...
Coastal shipping only has a 7% share in India’s transportation mix while road and rail hold 62% and 31% stakes, respectively. ..."
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