India aims for global maritime hub status in ship ownership and finance

Union Minister Sarbananda Sonowal has outlined India's ambition to achieve global hub status in ship ownership, vessel leasing, and maritime finance. The push represents part of broader efforts to strengthen India's position in international maritime commerce and leverage its strategic coastal advantages.

The initiative aligns with the government's vision to enhance India's role in global shipping and financial sectors, capitalizing on existing maritime infrastructure and expertise.