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Context:
The Lok Sabha has passed the Coastal Shipping Bill, 2024, aimed at strengthening India’s maritime sector by establishing a dedicated legal framework for coastal trade. This move is expected to support more efficient, sustainable, and cost-effective transportation.
Key Highlights:
- The Bill provides a legal structure specifically for coastal shipping, recognizing it as a distinct mode of transport.
- It is designed to help decongest road and rail networks by promoting short-sea and inland waterway movement of goods.
- The legislation is part of a broader effort to enhance multimodal connectivity and lower logistical costs.
- According to Union Minister Sarbananda Sonowal, the Bill will help unlock the potential of India’s 7,500+ km coastline, supporting domestic trade and economic development.
Impact:
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- Expected to reduce carbon emissions and improve sustainability in freight movement.
- Aims to make cargo shipping more competitive and streamlined, attracting investment in port infrastructure and services.
- Supports the ‘Sagarmala’ initiative, enhancing port-led development across India.
