· Manufacturing & Investment · Source: economictimes.indiatimes.com

India secures first global order to build LNG-powered container ships worth $300 million

India has secured its first major global order to construct LNG-powered container ships, marking a significant milestone in its maritime industry. French shipping giant CMA CGM has signed a letter of intent with Cochin Shipyard to build six 1,700 TEU vessels, valued at approximately $300 million. This development positions India as a competitive alternative to traditional shipbuilding nations like China and South Korea. The deal is part of India's broader push to enhance its shipbuilding capabilities and attract international contracts.

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