The bill aims to provide a dedicated legal framework for coastal trade, promoting a more economical, reliable, and sustainable mode of transportation.
The proposed legislation addresses gaps in earlier laws such as the Merchant Shipping Act, 1958.
The Bill seeks to regulate all types of the vessels including ships, boats, sailing vessels, and mobile offshore drilling units engaged in trade within Indian coastal waters.
The Bill also seeks to regulate the foreign vessels chartered by Indian entities and outlines penalties for violations.
Coastal cargo traffic has surged 119% in the past decade, from 74 million tonnes in 2014-15 to 162 million tonnes in 2023-24.