India plans to launch a local P&I club, providing insurance services for the domestic market with potential global expansion. The cooperative, backed by top insurers like New India Assurance and GIC Re, aims to reduce dependence on foreign insurers, cut costs for coastwise trade, and shield Indian shipping from Western sanctions. #IndiaShipping #PIInsurance #SanctionsResistance #MaritimeTrade #InsuranceCooperative @IndiaShipping #PIInsuranceClub @newindiaassuran