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Government extends merchant ship subsidy until FY31 to boost India maritime fleet and government cargo bids
Business
Published on 7 May 2026
Funding support continues for firms bidding government cargo
India’s shipping ministry has extended a key subsidy for Indian companies that flag merchant ships, pushing the scheme’s timeline to FY2030-31. The move is designed to strengthen India’s maritime fleet and expand its global shipping role, while offering financial backing to shipping firms participating in government cargo tenders.
- Subsidy extension now runs through FY2030-31
- Targets Indian companies flagging merchant ships
- Helps expand India’s maritime fleet and global presence
- Supports firms bidding for government cargo tenders
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times