Breaking News

You are here » Indian-Commodity  :  Economy  :  Govt working on cruise tourism policy to attract 700 vessels: Gadkari


Govt working on cruise tourism policy to attract 700 vessels: Gadkari

Union Minister of Shipping and Road Transport and Highways Nitin Gadkari has said that the government is working on a cruise tourism policy which will be announced next month with an intent to tap India's vast potential on this front and attract more vessels. He also asserted that at present, India attracts nearly 70 cruise vessels a year and the number is expected to go up 10-fold to 700 with this initiative. He also expressed his hopes that next year is going to be very good for cruise tourism in India.

Gadkari has said that the action plan will be ready in the next three months that includes key steps on par with international standards, simplification of procedures, easy immigration and ways to make India a global hotspot. He also said that steps are already being undertaken to boost infrastructure that include building cruise terminals at five major ports --Mumbai, Goa, New Mangalore, Chennai and Cochin. In addition, he disclosed that modern cruise terminals being developed at ports will include hospitality, retail, shopping and restaurants, adding that about 200 minor ports will develop jetties for such cruise vessels. He explained that cruise tourism is a great means for bringing foreign exchange from overseas travellers to India. He added that cruise tourists contribute handsomely to local economies and has the potential to be a driver of growth for the areas touched by it.

Listing out various policy initiatives for promoting cruise shipping, the Minister said that ships are now allowed to stay for 3 days, up from the earlier 24 hours, and rules have been simplified to attract more vessels. He also said that easier standard operating procedure (SOP) for cruise operations involving multiple agencies has already been issued. Apart from this, he noted that the government has allowed foreign flag vessels carrying passengers to call at Indian ports without securing a licence from the director general of shipping till February 5, 2024.

Related News

View all news

P-notes investment jumps to Rs 78,110 crore at March-end

With positive market sentiments, the share of foreign portfolio investments (FPI) in domestic capital markets through participatory notes (P-notes) jumped to Rs 78,110 crore at the end of March. According......

India's steel demand may grow above 7% in 2019, 2020: World Steel Association

The World Steel Association in its latest report 'Short Range Outlook April 2019' has said India's steel demand is likely to grow above 7 per cent in the current year (2019) as well as next year (2020).......

India likely to receive 'near normal' monsoon in 2019: IMD

Easing concerns over farm and economic growth in the country, the India Meteorological Department (IMD) in Long Range Forecast for 2019 southwest monsoon rainfall stated that the country is likely to have......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......