In a significant development for India’s maritime sector, the Cabinet has approved the Coastal Shipping Bill 2025. The new legislation aims to promote coastal shipping and streamline regulatory processes, making the sector more efficient and competitive.
The approval of this bill has led to a surge in shipping stocks. Shipping Corporation of India saw a rise of 2.83%, with shares trading at ₹245.45, while Great Eastern Shipping also experienced gains of 2.18%, reaching ₹1,308.00.
The Coastal Shipping Bill 2025 is expected to enhance coastal connectivity, reduce logistics costs, and increase the use of waterways for transport, providing a substantial boost to the shipping industry in India. Investors are optimistic about the growth potential in this sector following the government’s move.
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