
Shipping Corporation of India to Acquire 26 Indigenous Ships Worth $2.3 Billion to Boost Domestic Shipbuilding Industry
The State-owned Shipping Corporation of India plans to acquire 26 domestically built ships worth ₹198.2 billion as part of a government initiative to bolster local shipbuilding. This move aims to enhance India’s shipping capacity, with a broader ambition to increase the share of locally built tankers significantly by 2047.