Shipping Corporation Floats $3.2 Billion Tenders for 22 Ships to Boost Indian Shipbuilding.

The new ship acquisition plan aims to attract global shipbuilders, encourage technology transfer, and strengthen domestic maritime manufacturing.   India's shipbuilding ambitions have received a major boost as the Shipping Corporation of India (SCI), the country's national carrier, has floated tenders to acquire 22 ships worth about $3.2 billion. The acquisition plan aims not only to expand the company's fleet but also to strengthen India's domestic shipbuilding industry. Notably, the tender conditions are designed to encourage international shipyards to establish manufacturing facilities in India to secure orders or share advanced technology and expertise with domestic shipbuilders. The initiative is expected to promote technology transfer, enhance local manufacturing capabilities and help Indian shipyards move up the global value chain. By attracting international players and encouraging partnerships with domestic companies, SCI aims to support the development of a stronger maritime manufacturing ecosystem. The move also aligns with India's broader ambition to reduce dependence on foreign shipyards, expand domestic industrial capacity and establish the country as a competitive global shipbuilding hub.