India plans ₹51,383 crore ship acquisition for energy security
after close1 source ↓written by the desknot a recommendation
- in acquiring
- ₹51,383 crore
- to enhance
- 62 vessels
- such as LPG
- 28 vessels
- by FY27
- 2.85 million GT
India is set to invest ₹51,383 crore in acquiring 62 vessels to enhance its energy security amid geopolitical tensions. This initiative includes 28 vessels such as LPG tankers and MR crude oil carriers, aiming to increase maritime capacity by 2.85 million GT by FY27.
The move addresses vulnerabilities in energy supply chains and reduces reliance on foreign-flagged vessels, which could bolster domestic shipping companies and improve economic resilience.
Not investment advice. For informational purposes only.