

Government Plans to Expand Merchant Fleet by 100 Vessels Over Next Five Years
The government plans to add 100 new vessels to India’s merchant fleet over the next five years as part of efforts to reduce the country’s annual freight payments of around 75 billion US dollars to foreign shipping lines and strengthen domestic shipping capacity. Shipping Minister Sarbananda Sonowal announced the initiative on Tuesday following the Sagar Samvad event organised by the National Shipping Board. India currently operates a merchant fleet of approximately 1,600 seag

MGMMTeam
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