Given the growth curve, the Indian shipping industry is experiencing, self-sustaining verticals such as India-owned tonnage for the carriage of Indian cargoes, reliable ancillary industries to promote "Make in India," and the establishment of Indian insurance are becoming realizable dreams. The growth plans and vision for 2030-2047 could be the key drivers in achieving this ambition.

In this light, fashioning an India P&I Club needs to be accelerated. Therefore, the deliberations must be kept alive while the vision is being developed. India’s potential to enhance her role in the global maritime sector is undeniable, but realizing this potential requires overcoming several challenges, including legislative hurdles, capital and capacity constraints, and global sanctions. The establishment of a domestic P&I club would offer Indian ship-owners better coverage, financial resilience, and operational flexibility, reducing the nation’s dependence on foreign markets for insurance.

The proposed recommendations, such as conducting a comprehensive feasibility study, establishing a fixed premium P&I model for coastal vessels, and enhancing liability coverage, are steps in the right direction. Collaboration with International Group (IG) P&I clubs and gaining government support for legislation and finance in the initial stages will be crucial to building a robust and competitive domestic maritime insurance infrastructure.

Although the journey to establishing a fully functional Indian P&I club may face slow progress due to the current size of India’s shipping f leet, this vision is critical for strengthening India’s maritime ecosystem. Through continuous dialogue, strategic planning, and consistent efforts from the government, maritime stakeholders, and insurers, India can position herself as a global player in maritime trade and insurance in the coming decades.