Ministry of Steel implements Ministry of Port Shipping and Waterways' (MoPSW) scheme for promotion of flagging of merchant ships in India. The said scheme provide subsidy support to Indian shipping companies in global tenders floated by Ministries / Departments/CPSEs for chartering of ships for import of Government cargo. Ministry of Steel deals with subsidies in case of import of Government Cargo by CPSEs under the administrative control of Ministry of Steel. This scheme helps the Indian ships to overcome some of their cost disadvantages vis-à-vis the foreign flagged ships, without either burdening the exchequer or disturbing the existing framework of taxation. The outcome envisaged is flagging of more merchant ships under the Indian flag and doubling the quantity of national cargo carried on Indian flag ships by 2025-26.