The Centre has exempted GIFT City-based International Financial Services Centre entities from obtaining DGMA licences to lease foreign vessels. The move under the Coastal Shipping Act, 2025 aims to ease vessel chartering and strengthen India's maritime and international financial services ecosystem
India is enhancing port infrastructure to support larger vessels and boost transshipment capacity. With ports like Vadhavan and Galathea Bay under development, the government aims to reduce dependence on foreign hubs and position India as a major transshipment center
