India Plans Rs 51,383 Cr Investment to add 62 Ships in FY27, Boost Maritime Capacity
The decision follows a high-level inter-ministerial review on global shipping challenges, with a focus on expanding India’s fleet across key segments including container vessels, LPG carriers, crude carriers and green tugs. The proposed expansion is expected to add around 2.85 million gross tonnage capacity.
The initiative also includes progress on a joint venture between Shipping Corporation of India and oil PSUs to acquire 59 vessels, along with measures to strengthen shipbuilding, port infrastructure and overall maritime logistics.
The move is part of the government’s broader strategy to build a self-reliant and globally competitive maritime ecosystem, ensuring supply chain stability and supporting India’s growing trade requirements.
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