The government also plans to ensure that the cruise shipping industry in India becomes internationally competitive and contribute to the economy in terms of generation of foreign exchange, income, employment and business opportunities.
Thiru G.K. Vasan, Hon’ble Minister of Shipping flagged off M.V. AMET MAJESTY, India’s first cruise liner and onboard training ship in Chennai today.
On the occasion, the Minister stated that Cruise Shipping is one of the fastest growing segments in the leisure industry worldwide. The government is gearing up to increase the footfalls into India further in the coming years besides promotion of Indian flag cruises, including river cruises. The focus will be to showcase India as an attractive tourist destination for cruise tourists with its vast and beautiful coastline, virgin forests and undisturbed idyllic islands, rich historical and cultural heritage. The government also plans to ensure that the cruise shipping industry in India becomes internationally competitive and contribute to the economy in terms of generation of foreign exchange, income, employment and business opportunities.
The Cruise Shipping policy is already in place which permit 100% Foreign Direct Investment (FDI) in the Shipping Sector including Cruise Shipping. Besides, foreign flag Cruise ships/vessels have also been permitted to make coastal voyages between different ports of India in relaxation of the provisions of Section 407(1) of MS Act.
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