India to launch local P&I Club

India to launch local P&I Club

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.

 

 

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.

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