The Shipping Corporation of India (SCI), the country’s largest state-owned shipping company, is set to make a landmark acquisition of 26 India-built ships worth approximately ₹198.2 billion (US $2.3 billion), according to recent news reports.
This strategic move is part of a government-backed initiative aimed at boosting India’s domestic shipbuilding industry while enhancing the nation’s maritime strength and energy security.
Strengthening India’s Shipping Capabilities
SCI’s planned procurement comes at a time when several other major Indian corporations—from the petroleum, natural gas, steel, and fertiliser sectors—are also expanding their fleets. Together, these companies are expected to purchase over 200 vessels worth nearly ₹1.5 trillion, significantly increasing India’s maritime capacity.
For SCI, this acquisition will be a major leap forward. The shipping giant currently operates 55 vessels, including tankers, bulk carriers, container liners, and offshore supply ships. Adding 26 more ships will substantially strengthen its operational capabilities and fleet diversity.
A Step Towards Maritime Self-Reliance & Energy Security
The deal aligns with India’s long-term vision to develop its own shipbuilding industry and reduce reliance on foreign-built vessels. According to Bloomberg, India aims to acquire 112 crude carriers by 2040—a key part of its strategy as the world’s third-largest oil importer.
By expanding its fleet with domestically manufactured ships, SCI is not only supporting local shipyards but also helping secure vital maritime trade routes and energy supplies for the country’s growing economy.
Industry-Wide Impact
The combined vessel acquisitions by SCI and other industry players are expected to transform India’s shipping landscape. This large-scale procurement drive could boost employment in shipbuilding, enhance cargo-carrying capacity, and reduce freight dependency on foreign shipping lines.
In Summary:
The Shipping Corporation of India’s $2.3 billion vessel acquisition plan is more than just a fleet expansion—it’s a strategic investment in India’s maritime future. By supporting indigenous shipbuilding and expanding shipping capacity, SCI is helping pave the way for a stronger, more self-reliant, and globally competitive Indian shipping industry.
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