New Delhi - India is preparing for a major expansion of its merchant fleet, with the government expecting around 300 foreign-owned vessels to be re-registered under the Indian flag by 2030, senior officials said. The move is part of a larger strategy to enhance domestic shipping capacity, lower logistics costs and boost the country’s export competitiveness.

According to officials, the re-flagging process for nearly 50 vessels is already underway and is likely to be completed within the next three months. “Around 11 global shipping majors have expressed intent to shift part of their fleets . . .