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India to add 62 ships by FY27 with Rs 51383 crore investment for self reliance
Business
Published on 29 April 2026
Green tugs and new fuel ship classes are in the plan
India is ramping up its shipping capacity to boost self-reliance, planning to add 62 vessels by FY 2026-27. The move is backed by an estimated Rs 51,383 crore investment, discussed in a high-level meeting. The fleet expansion includes container ships, LPG and crude carriers, and green tugs designed to improve resilience amid global disruptions and protect supply chains.
- India plans to add 62 vessels by FY 2026-27
- Investment of Rs 51,383 crore supports the fleet expansion
- New capacity includes container, LPG and crude carriers
- Green tugs are aimed at stronger supply chain resilience
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times