Q. Consider the following statements regarding the Bharat Container Line (BCL) initiative:
1.It aims to reduce India’s reliance on foreign-flagged vessels and strengthen control over export-import trade.
2.Shipping Corporation of India (SCI) is collaborating in the establishment of BCL.
Which of the statement(s) given above is/are correct?
Answer: C
Notes:
Explanations –
Statements 1 and 2 are correct. Bharat Container Line (BCL) is being launched to reduce India’s dependence on foreign-owned vessels, which currently dominate its export-import (EXIM) trade. The initiative seeks to enhance India’s control over shipping routes and logistics, improve trade efficiency, and mitigate disruptions caused by geopolitical issues. The Shipping Corporation of India (SCI), India’s largest international shipping company, is playing a key role in the establishment of BCL. The initiative is set to operate as a vertical within SCI, with public-private collaboration to fund and manage operations.
Source: The Hindu
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