India's Merchant Shipping Bill 2024 Simplifies Vessel Ownership and Enhances Maritime Regulations

#Merchant Shipping#Shipping#Vessel Registration#Maritime Heritage#India National News#India#Lothal#Maritime Regulations

1152+ Words Refined into 5 Facts by AI • 2 sources • 1d ago

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India's Merchant Shipping Bill 2024 simplifies vessel ownership and registration.
Bill expands ownership eligibility to Non-Resident Indians and Overseas Citizens of India.
A new body will oversee vessel security and port facilities under the bill.
Foreign vessels chartered by Indian entities can now be registered.
Mortgage rights for vessels allow quicker debt recovery processes.

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National Maritime Heritage Complex: Honoring India's Maritime Legacy

1140+ Words Refined into 9 Facts by AI • 1 source • 0m ago

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The National Maritime Heritage Complex is being developed at Lothal, Gujarat.
Union Minister Sarbananda Sonowal emphasized the project's significance for India's maritime history.
The complex aligns with the Prime Minister's vision for a dominant maritime force.
Lothal was a thriving maritime hub over 5,000 years ago.
The Union Cabinet approved the NMHC's development in October.
Phase 1B includes a Light House Museum.
Vice President Jagdeep Dhankhar noted the maritime sector facilitates 95% of India's trade volume.
The conclave explores discussions on coastal communities and trade routes.
The event features sessions on ancient trade networks and contemporary advancements.

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