Centre Aims for 10x Expansion in Domestically Flagged Ships

05 Mar 2024 CW Team

The Indian government has unveiled ambitious plans to achieve a tenfold expansion in the number of domestically flagged ships. This strategic initiative underscores a significant push to enhance indigenous shipping capabilities, promoting self-reliance and bolstering the country's maritime sector.

The expansion plan aligns with the government's vision to strengthen India's presence in the global shipping industry and reduce dependency on foreign-flagged vessels. The move is expected to have far-reaching implications, not only in terms of economic growth but also in reinforcing national security and maritime interests.

By aiming for a tenfold increase in domestically flagged ships, the government seeks to create a robust and competitive shipping industry. This initiative is likely to encourage investments, stimulate job creation, and foster technological advancements in shipbuilding and related maritime sectors.

The focus on expanding the fleet of domestically flagged ships is part of a broader strategy to tap into the potential of India's vast coastline and maritime resources. It reflects a forward-looking approach to harnessing the country's maritime strengths, promoting trade, and ensuring a secure and self-reliant maritime ecosystem.

As the government charts a course for a substantial increase in domestically flagged ships, the maritime sector is poised for transformative growth. This ambitious plan positions India to emerge as a key player in the global shipping arena, enhancing its maritime influence and contributing to the overall economic resilience of the nation.

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..