The Union Cabinet, chaired by Narendra Modi, has approved a ₹12,980 crore Sovereign Maritime Fund to insure Indian-flagged, India-bound and India-originating vessels. The decision is designed to improve maritime trade resilience, lower dependence on foreign insurers, and protect shipping operations as global uncertainties keep rising.
Swipe through stories, personalise your feed, and save articles for later — all on the app.
