India plans ₹51,383 crore for 62 new vessels by 2027
after close1 source ↓written by the desknot a recommendation
- in FY 2026-27
- 62 vessels
- funding
- ₹51,383 crore
The Government of India is set to add 62 vessels in FY 2026-27, backed by ₹51,383 crore funding. This initiative aims to bolster the country’s maritime self-reliance, as stated by the Ministry of Ports, Shipping and Waterways. Union Minister Sarbananda Sonowal emphasized the importance of enhancing shipping capabilities for economic resilience.
This development may positively impact the maritime sector, attracting investments and fostering growth in related industries.
Not investment advice. For informational purposes only.