INDIAN GOVERNMENT PLANS TO INDUCT 62 VESSELS IN THIS FINANCIAL YEAR

The Indian government has unveiled an ambitious roadmap to bolster it's shipping muscle, with plans to induct 62 vessels in 2026-27 at an investment of Rs 51,383 crore and add 2.85 million gross tonnage (GT) capacity. It is positioning the shipping sector at the core of economic architecture. The proposed fleet expansion will strengthen supply chain security while advancing self-reliance. The fleet will include container ships, LPG and crude carriers, oil tankers, dredgers and green tugs. The government also underscored the need for heightened vigilance in sensitive sea lanes, reiterating that the safety of Indian seafarers remains paramount amid geopolitical uncertainties. Some of the listed companies that are set to benefit from this sector boost are

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