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Botched rules dash India's dream of becoming shipping hub
Ministry's March 7 notification imposes conditions that will end up hindering growth of Indian ports, observers say
Add BT as a preferred sourcePublished Sun, Mar 27, 2016 · 09:50 PM
Washington
GIFTED with a 4,700-mile (7,564km) coastline, India for years has wanted a world class shipping hub that could compete with regional star Singapore. When the time came this month to help make that dream a reality, policymakers may have botched it up, analysts say.
In the works for at least a decade, the shipping ministry's long-awaited rules announced in a March 7 notification impose conditions that will end up hindering the growth of Indian ports, according Geneva-based Mediterranean Shipping and Mumbai's Mantrana Maritime Advisory.
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