Committee to Examine Global Best Practices in Ship Financing & Leasing

  • Constituted by: International Financial Services Centres Authority (IFSCA)
  • Date: June, 2021
  • Chairman: Vandana Aggarwal, Former Sr. Economic Advisor, Govt. of India

Rationale

  • Data from the Ministry of Shipping suggests that 95 per cent of India’s trading by volume and 70 per cent by value is done via maritime transport.
  • In spite of significant exposure to Shipping, India is yet to develop as an international shipping hub.

Terms of Reference

  • To examine global practices in Ship financing and leasing and identify opportunities for the IFSC.
  • To examine the existing legal and regulatory framework and conduct a 360-degree review of all the applicable laws ....
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