Ship leasing from GIFT City is drawing global attention as India aims to improve its modest 1.4% share of global shipping tonnage. Key companies like Great Eastern Shipping and Reliance have registered, with over 10 ships leased. Challenges include licensing duplicity and the need for reforms in ship registration laws. The IFSCA is actively engaging with stakeholders and ministries to address these issues, aiming to bolster India's ship ownership and strategic fleet growth.
