India Unveils Major Maritime Expansion Plan to Add 62 Vessels Worth ₹51,000 Crore

India Unveils Major Maritime Expansion Plan to Add 62 Vessels Worth ₹51,000 Crore

Union Minister Sarbananda Sonowal announced India’s plan to add 62 vessels in 2026–27 with an investment of over ₹51,000 crore. A review meeting in New Delhi focused on the Strait of Hormuz, shipping capacity expansion, and a joint venture to acquire 59 vessels, emphasizing maritime security and seafarer safety.

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal has announced that India is advancing an ambitious roadmap to strengthen its maritime capabilities with the addition of 62 vessels in the financial year 2026–27, supported by an investment exceeding ₹51,000 crore.

Chairing a high-level inter-ministerial review meeting in New Delhi on the strategic significance of the Strait of Hormuz, Sonowal emphasized the urgent need to expand India’s shipping capacity in order to enhance resilience against potential external disruptions. The meeting underscored the critical importance of securing maritime trade routes amid evolving global geopolitical conditions.

During the review, the Minister also examined the ongoing joint venture between the Shipping Corporation of India and public sector oil companies for the acquisition of 59 vessels. The collaboration is aimed at boosting India’s commercial shipping strength and ensuring greater operational efficiency across key energy transport corridors.

Reiterating the government’s commitment to maritime workforce protection, Sonowal stressed that the safety and security of Indian seafarers remains a top priority. He underlined that safeguarding personnel engaged in international waters is integral to India’s broader maritime strategy.

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The initiative marks a significant step in reinforcing India’s shipping infrastructure, enhancing energy security, and building long-term strategic autonomy in global maritime trade.

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