"Government has relaxed the norms for inland vessels to move deeper into the sea. The baseline has been relaxed by 12 km from coastline which is known as territorial waters," DG Shipping Gautam Chatterjee told PTI.
"This will help inland waterways transport. Now inland vessels can venture into sea to offload cargo from large vessels directly and this in turn will bring huge operational cost saving for the trade," Chatterjee said.
Currently, there are some 800 redundant ocean going vessels being used in inland water transport, but gradually the picture will change with the policy, Chatterjee said.
Jindal ITF is transporting imported coal to NTPC's power plant at Farakka through inland waterways. The company won a Rs 650-crore contract from the Inland Waterways Authority of India.
Chatterjee said a proposal has been sent to the Ministry of Shipping to introduce Indian controlled tonnage concept to increase cargo share by Indian shipping companies.
Currently, the share of cargo handled by Indian flag liners is just eight per cent.
You’ve hit your limit of 5 free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app