Shipping minister discusses business continuity plan with maritime industry leaders

Image
Press Trust of India New Delhi
Last Updated : Apr 24 2020 | 10:26 PM IST

Union Minister Mansukh Mandaviya on Friday discussed business continuity plans with representatives of the maritime industry.

The objective of the interaction, via video-conferencing, was to discuss and prepare for dealing with the post-lockdown challenges with business continuity strategies, the Ministry of Shipping said in a statement.

"Industry leaders appreciated the proactive and timely interventions of the Ministry of Shipping in this critical time and ensuring smooth running of the ports. They also lauded many reliefs and extensions granted to the industry which inter-alia included not charging any port charges, demurrages, penalties for the lockdown period as it has proven to be great relief for the industries at large," the statement said.

The interaction provided a quick overview of the COVID-19 situation in the maritime sector, it added.

The industry leaders highlighted the challenges like supply chain issues and movement of cargo and trucks, and requested policy interventions. They also made suggestions for increasing the coastal shipping and raising India's share in global shipbuilding, it said.

Mandaviya assured the industry leaders that the Indian ports are ready in full capacity to start operations as usual but there are a few challenges due to COVID-19, which will be solved with policy decisions and their sincere implementation, the statement said.

It added that the minister requested the industry leaders to convert this COVID-19 crisis into opportunity by charting out new strategies in the maritime sector. He told them that the ministry is working towards ease out the problems of the sector. He also sought suggestions so that ports and industries could flourish.

Stakeholders and representatives of the shipping lines, ports and terminal operators, inland waterways, supply chain logistics, ship owners, vessel manufacturers and owners, custom agents participated in the video conference.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Apr 24 2020 | 10:26 PM IST

Next Story