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Home > All news > Shipping > Govt of India plans New Shipping Entity to expand fleet

Govt of India plans New Shipping Entity to expand fleet

June 7, 2024
Reading Time: 2 minutes

NEW DELHI : The Government of India plans to set up a new shipping company to expand its fleet by at least 1,000 ships in the next decade, to gain revenue from trade. The yet-to-be-named firm will be jointly owned by state-run companies in the oil, gas and fertiliser industries.

The South Asian nation is spending billions of dollars to refurbish infrastructure in its race to become a world-class manufacturer with Prime Minister Shri Narendra Modi, who won a third term this week, aiming for . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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