· Manufacturing & Investment · Source: thehindubusinessline.com

India plans ₹51,000 crore ship acquisition to secure energy supply chain

India is set to strengthen its maritime and energy security with a ₹51,000 crore investment to expand its shipping fleet, aiming to procure 62 vessels including crude oil tankers, LNG carriers, and container ships. The initiative, led by state-run firms, is designed to reduce reliance on foreign shipping, improve supply chain resilience, and support domestic shipbuilding amid global geopolitical disruptions affecting key energy routes.

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