
India plans to add 100 vessels to its merchant fleet over five years as it seeks to reduce nearly US$75 billion in annual payments to foreign shipping lines and strengthen domestic maritime capacity.

India plans to add 100 vessels to its merchant fleet over five years as it seeks to reduce nearly US$75 billion in annual payments to foreign shipping lines and strengthen domestic maritime capacity.
India Business & Trade is a national media platform decoding the ideas, decisions and shifts shaping India’s growth story—across plicy, business, global commerce and a rapidly evolving marketplace.
India Business & Trade
M-62, Saket, New Delhi-110064, India
Stay ahead in the dynamic world of trade and commerce with India Business & Trade’s weekly newsletter.
Copyright © 2026 India Business & Trade. All Rights Reserved