IndiaEconomy
India plans to add 100 ships to merchant fleet, says minister
India's National Shipping Board proposed a five-point roadmap to add 100 vessels to the merchant fleet over five years, aiming to reduce reliance on foreign shipping lines. Shipping Minister Sarbananda Sonowal welcomed the proposal at the inaugural Sagar Samvad event.
The National Shipping Board (NSB) has proposed a five-point roadmap to add 100 vessels to India's merchant fleet over the next five years, with the aim of reducing the country's dependence on foreign shipping lines for transporting critical cargo.
The roadmap includes fiscal reforms, assured cargo support, access to competitive financing, regulatory streamlining, and improved ease of doing business. It was discussed at the inaugural Sagar Samvad event organised by the NSB on Monday (August 24, 2026), themed 'Charting the Roadmap Towards Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047'.
Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal, who chaired the event, welcomed the roadmap and stated that the measures would help Indian shipowners.
- Sagar Samvad
- National Shipping Board
- adding vessels to Indian merchant fleet
- Sarbananda Sonowal
- Shipping Minister
From
IndiaEconomy
India plans to add 100 ships to merchant fleet, says minister
India's National Shipping Board proposed a five-point roadmap to add 100 vessels to the merchant fleet over five years, aiming to reduce reliance on foreign shipping lines. Shipping Minister Sarbananda Sonowal welcomed the proposal at the inaugural Sagar Samvad event.
The National Shipping Board (NSB) has proposed a five-point roadmap to add 100 vessels to India's merchant fleet over the next five years, with the aim of reducing the country's dependence on foreign shipping lines for transporting critical cargo.
The roadmap includes fiscal reforms, assured cargo support, access to competitive financing, regulatory streamlining, and improved ease of doing business. It was discussed at the inaugural Sagar Samvad event organised by the NSB on Monday (August 24, 2026), themed 'Charting the Roadmap Towards Maritime India Vision 2030 and Maritime Amrit Kaal Vision 2047'.
Union Minister for Ports, Shipping, and Waterways Sarbananda Sonowal, who chaired the event, welcomed the roadmap and stated that the measures would help Indian shipowners.
- Sagar Samvad
- National Shipping Board
- adding vessels to Indian merchant fleet
- Sarbananda Sonowal
- Shipping Minister
From