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
- an allocation
- ₹51,383 crore
The Government of India is set to add 62 vessels in FY 2026-27, backed by an allocation of ₹51,383 crore. 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 strategic importance of enhancing shipping capabilities for economic resilience.
• Focus on Atmanirbhar shipping
• High-level review meeting included key ministries
• Aims to strengthen India's maritime ecosystem
This development may positively impact the maritime and shipping sectors.
Not investment advice. For informational purposes only.