Financial institutions (FIs), such as Citibank, Barclays, Bank of America, Bank of Tokyo-Mitsubishi UFJ, Mizuho, Standard Chartered, Indian Bank, and JPMorgan, may develop private maritime freight firms. As a result, the marine industry should face more difficulties.However, choosing players from the private sector who don't have a sizable port or distribution network for nautical goods is necessary for the selection of financial services businesses. It involves taking on the risk of overseeing warehouses dispersed over numerous different places. Additionally, there is a chance that the plan may adopt revenue management.Why does India still need private commodities forwarders considering how the shipping industry is currently performing? In January, the Indian government and the shipping company CMA CGM agreed to form a joint venture.