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India to procure 437 ships by 2042 to boost domestic fleet capacity fast

Business
Published on 30 April 2026
India to procure 437 ships by 2042 to boost domestic fleet capacity fast

Hundreds of vessels, but the first wave relies on imports

India has outlined a long-term plan to expand its domestic shipping fleet by procuring 437 vessels through 2041-42. The approach mixes local shipbuilding for parts of the order while initially importing highly specialized ships such as VLGCs and VLCCs. Officials say the goal is to build homegrown technology and skills, not just add tonnage.

  • India targets procurement of 437 vessels by 2042
  • A mix of local construction and initial imports is planned
  • Specialized ships like VLGCs and VLCCs come first via imports
  • Strategy aims to grow shipbuilding tech and workforce skills
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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