Large ships may serve as collateral for loans

India is poised to allow large ships as loan collateral, aiming to ease financing for its maritime industry. This move, coupled with the proposed Maritime Development Fund of ₹25,000 crore and Shipbuilding Financial Assistance Policy 2.0, seeks to boost Indian flagged ships’ global cargo share to 20% by 2047 and attract significant investment in the sector.

Create your account