Local Shipping Industry Fears Loss Of Cabotage Protection After SCI Selloff
Mumbai, May 18: The protection under ‘cabotage laws’ to Indian shipping companies may no longer hold true with foreign shipping lines being allowed to pick up to 51 per cent stake in the Indian maritime major Shipping Corporation of India (SCI).
Industry sources feared that the bidder who won over SCI would cross-subsidise the coastal operations of SCI with its international operations to drive the domestic shipping companies out
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