+
Centre Aims for 10x Expansion in Domestically Flagged Ships
PORTS & SHIPPING

Centre Aims for 10x Expansion in Domestically Flagged Ships

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.

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.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?