Government Plans ₹51,000 Crore Shipping Expansion to Boost Domestic Fleet

The Indian government is planning a major ₹51,000 crore shipping expansion to strengthen its domestic fleet. The move aims to reduce dependence on foreign shipping and improve trade resilience.

The plan includes around 62 new vessels. These will cover container ships, oil tankers, LNG carriers and harbour tugs. The initiative comes at a time when global supply chains are facing disruptions.

Public sector companies, including the Shipping Corporation of India, are expected to lead the expansion. Authorities are also considering a structured tender process to balance domestic shipbuilding and imports.

Focus on self-reliance and stronger trade infrastructure

The expansion supports India’s push for self-reliance in critical infrastructure. A stronger domestic fleet will help reduce freight costs and improve cargo movement.

Experts say better shipping capacity can boost trade efficiency. It can also improve energy security and reduce risks from global disruptions.

The project is expected to generate economic activity in shipbuilding and related sectors. It may also create new jobs and strengthen logistics infrastructure.

Authorities are likely to roll out the plan in phases. Timely execution will be key to achieving long-term benefits.

As global trade evolves, investments in maritime infrastructure will play a crucial role. The expansion is expected to support India’s position in international trade.