India may be reportedly inviting financial bids for the sale of the Shipping Corporation of India (SCI) in September, after the divestment of non-core assets. 

This has come after the SCI board had approved a revised demerger scheme that involves hiving off SCI’s non-core assets to Shipping Corporation of India Land and Assets including Shipping House, Mumbai, and MTI (Maritime Training Institute), Powai. 

The non-core assets had been valued at Rs. 23.92 billion ($309 million) on 31 March. SCI is one of India's largest shipping companies, holding significant stakes in various segments of the shipping trade and operates around one-third of India’s tonnage as per its website.