The government has set targets to make India one of the top 10 shipbuilding nations by 2030 (Photo: Pixabay) Show Quick Read Summary is AI Generated. Newsroom Reviewed

The government is closely monitoring the ongoing geopolitical uncertainty and its impact on container freight rates for India's shipping industry. According to Shipping Secretary Vijay Kumar, officials are are also working on a mechanism to stabilise price uncertainties.

“Container availability is being monitored at the highest level of government. We are working to stabilise freight rates amid global uncertainty,” Kumar told NDTV Profit in an interaction.

The government is also working on building a scheme to incentivise container manufacturing in India, in a broader plan to reduce dependence on imports as well as p

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