PORT BLAIR PORT : Lets make it a port of registry for Indian Shipping Tonnage.
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PORT BLAIR PORT - 13th Major Port of India : Lets make it the new port of registry for Indian Shipping Tonnage.
A strategic game changer that requires policy initiative in synergy with Sagarmala Initiative of Govt of India.
It will transform Port Blair from just another coastal town into PORT BLAIR - THE SMART PORT CITY.
The justification in terms of strategic reasons, effect on economy and its multiplier effect on Andaman & Nicobar Islands economy is detailed in Linked-in article for perusal and records.
Following steps should have been taken on priority basis.
- Declare Port Blair the new port of registry for Indian Shipping Tonnage. It does not need much money to do so.
- Create a Special Incentive for Tonnage registered in Port Blair - (a) Easy access to subsidized funding (an Infrastructure investment trust in line with erstwhile Shipping credit and investment company of India Ltd); (b) Tax benefit for investors in line with what is being offered by FOC Countries; (c) Income Tax Benefit to seafarers using port blair as port of joining and disembarkation along with tax incentives to service providers like Charterers, ship brokers, stevedores and Chandlers.
- Create a Maritime University serving seafarers in Navy as well as merchant shipping. It can start with time charter of tall ships like Training Ship Danmark.
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