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Buoyed by a conducive operational and regulatory ecosystem for setting up operations, global shipping companies are planning to register more vessels under the Indian flag after the recently-concluded India Maritime Week, industry and government sources said.
“French carrier CMA CGM was the first to make a move. Since then, we have seen an overwhelming interest from players to reflag their vessels in India. Beyond the announcements by global players that have already happened, there are more discussions taking place from leading carriers,” a senior government official said.
He said the move is part of a larger strategy discussed by global
