Government working on a plan to encourage use of Indian flag vessels

The government is working on a plan to encourage for more Indian-flag vessels in the fleets of domestic and global shipping lines and encourage importers and exporters to use them. As per reports, the share of Indian-flag ships in the country’s export-import trade has steadily decreased from 40.7 per cent in FY 1988 to just 6.53 per cent in FY 2020.