GOVT'S FOCUS ON REVIVAL OF SHIPPING CORPORATION OF INDIA

The Government of India has announced a major revival plan for

, which includes the purchase of over 200 merchant ships through joint ventures with other PSUs like and oil marketing companies. These companies will provide long-term assured cargo contracts which will enable SCI to finance new ships sustainably. This step sims to strengthen the national shipping capacity. While the revival is ambitious, global ship prices are currently expensive due to a prolonged post-pandemic shipping boom. Therefore, expansion will be gradual, balancing strategic needs with market conditions.