India's Lok Sabha has passed the Coastal Shipping Bill 2024, a significant move aimed at enhancing maritime commerce. The bill, introduced by Union Minister Sarbananda Sonowal, seeks to streamline and modernize coastal shipping regulations, making it more efficient and competitive. It replaces outdated legal frameworks with provisions designed to promote the use of domestic waterways for cargo movement, reducing logistics costs and easing congestion on road and rail networks. A key feature of the bill is the prioritization of Indian-built and Indian-flagged vessels, strengthening domestic shipping industries. Additionally, it encourages private sector
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