Lok Sabha Passes Bill for Indigenous Coastal Fleet

Why in the News ?

The Lok Sabha has passed the Coastal Shipping Bill, 2024, to regulate trade vessels in Indian coastal waters. The Bill aims to promote domestic fleet ownership, enhance national security, and boost India’s maritime economy through indigenous participation and global best practices.

Lok Sabha Passes Bill for Indigenous Coastal Fleet

Lok Sabha Passes Bill for Indigenous Coastal Fleet

Key Highlights of the Coastal Shipping Bill, 2024:

  • The Lok Sabha passed the Coastal Shipping Bill, 2024, aimed at regulating trade vessels within Indian coastal waters.
  • The Bill defines coastal waters as India’s territorial waters and adjoining maritime zones.
  • It seeks to consolidate and amend laws related to coastal shipping and promote coasting trade.
  • A major objective is to encourage domestic ownership and operation of vessels for both commercial purposes and national security.

Government’s Vision and Strategic Importance

  • Union Minister Sarbananda Sonowal emphasized the importance of transportation in driving transformation, aligning with the Prime Minister’s vision.
  • He highlighted coastal shipping as India’s largest transporter, contributing significantly to economic growth.
  • The Bill ensures that the indigenous coastal fleet is developed and operated by Indian citizens.
  • Drafted after studying global best practices, the Bill aligns with maritime laws of major countries while upholding cooperative federalism.

Sectoral Achievements and National Impact

  • Over the past 10 years, the Ministry has increased cargo handling capacity by 103%—from 800 MMT (2014) to 1,630 MMT.
  • India’s port ranking improved globally—from 54th in 2014 to 38th
  • Nine Indian ports are now ranked among the world’s top 100.
  • The Bill aims to make India self-reliant in maritime logistics, strengthening both economic and strategic interests.