Maritime capacity boost aimed at self-reliance and economic resilience.

India to Add 62 Vessels by FY27 with ₹51,383 Crore Investment.

India is set to significantly expand its shipping capacity with a planned induction of 62 vessels by FY 2026–27, involving an investment of ₹51,383 crore, Union Minister Sarbananda Sonowal said. The announcement came after a high-level inter-ministerial review meeting that assessed the evolving situation around the Strait of Hormuz and its implications for India’s trade and energy security. Chaired by Sonowal, the meeting focused on accelerating India’s maritime capabilities to ensure supply chain resilience and reduce dependence on foreign shipping. Senior officials from the Ministry of Petroleum and Natural Gas, oil public sector undertakings, the Ministry of Chemicals and Fertilisers, the Directorate General of Shipping, the National Shipping Board, and the Directorate General of Foreign Trade participated. The government aims to build a robust, future-ready maritime ecosystem aligned with Atmanirbhar Bharat, strengthening India’s strategic autonomy, trade competitiveness, and long-term economic stability.