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India approves $ 1.4 b maritime insurance pool
Daily FT
|April 20, 2026
India has approved a maritime insurance pool of INR 129.8 billion ($ 1.4 billion), Information and Broadcasting Minister Ashwini Vaishnav said on Saturday.
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The pool is for 10 years can be extended to five more years, Vaishnav said in a briefing. The fund comes at a time when the Iran war has increased the risks to shipping and hiked up insurance costs for businesses.
Union Minister Sarbananda Sonowal captured both the urgency and ambition of the move at the outset. “For decades, Indian shipping has remained exposed to external uncertainties dictated by foreign insurance markets. Now, under the visionary and decisive leadership of Prime Minister Narendra Modi, this landmark decision ensures that India now has the sovereign capacity to safeguard its maritime trade, even in the most challenging global scenarios,” he said.
Cette histoire est tirée de l'édition April 20, 2026 de Daily FT.
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