India’s plan to float a locally-owned P&I Club lose steam

India's plan to establish a locally owned Protection and Indemnity (P&I) Club has faced challenges and is losing momentum. The initiative aimed to provide domestic shipowners with insurance coverage and risk management services. However, the project has struggled with various issues, including regulatory hurdles and market skepticism, impacting its progress and future prospects. The delay highlights the complexities involved in establishing a new insurance entity within the maritime sector.