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Govt to reduce reliance on foreign ships, promote India-made vessels
Financial Express Pune
|May 22, 2025
THE CENTRE HAS set the ball rolling to increase the fleet of large 'Made in India' merchant ships with an eye on joining the league of the top maritime countries of the world over the next two decades.
The move stems partly from a realisation that a large fleet of merchant ships made in India is required since foreign ships that transport merchandise to and from India may choose to stay away in case of an emergency.
A situation like the recent three-day escalation between India and Pakistan can put ports on high alert, and may dissuade foreign ships from visiting Indian ports, thus harming trade. The government also feels that becoming a maritime power is an essential part of being a "developed nation" — something that the government hopes to become by 2027.
Dit verhaal komt uit de May 22, 2025-editie van Financial Express Pune.
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