Cabinet Approves Bharat Maritime Insurance Pool with Rs 12,980 Crore Sovereign Guarantee
According to the official release, India’s maritime sector handles more than 70% of the country’s trade by volume and nearly 95% by value, making reliable insurance access strategically important. The new pool is intended to stabilise trade flows, ease cost pressures on exporters and logistics operators, and provide cover for ships carrying cargo between India and international ports in both directions.