An Indian P&I Club is on the cards as part of New Delhi’s ‘Made in India’ drive. The government is getting the nation’s four state backed insurance firms – New India Assurance, United India Insurance, National Insurance Company, and Oriental Insurance Company – to come together to create a dedicated Indian mutual for local shipowners.
The new club is expected to launch within the next fiscal year.
The Narendra Modi-led government in New Delhi has spearheaded the ‘Made in India’ campaign, which is also having a big impact on the local shipbuilding scene, with yards being granted huge financial help and local owners are being coerced to order locally.
