RBB Ship Chartering receives nod to start operations at GIFT City.

Singapore-based RBB Ship Chartering Pte's wholly-owned subsidiary, RSCPL (IFSC) Pvt Ltd, has become the first ship leasing entity to operate at the Gujarat International Finance Tec-City (GIFT City), a statement said on Wednesday. RSCPL (IFSC) Pvt Ltd received the maiden provisional licence for the ship leasing business in February and is planning to commence commercial operations by next month, the GIFT City said in the statement.

"Operationalization of ship leasing businesses will help in creating a conducive ecosystem for international maritime clusters at par with other global maritime hubs.

"We expect ship leasing businesses will witness a similar trajectory as seen in aircraft leasing & financing vertical," Tapan Ray, MD & Group CEO, GIFT City, said.

ET