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Govt plans to add 100 more new vessels to merchant fleet in next five years: Sonowal

India plans to add 100 vessels to its merchant fleet over five years as part of a roadmap to reduce its $75 billion annual freight bill, Shipping Minister Sarbananda Sonowal announced at the first 'Sagar Samvad' event. The National Shipping Board proposed the five-point roadmap, which also aims to reduce dependence on foreign shipping lines and lower the cost of flying the Indian flag, currently 16-20% higher than foreign flags.

4 outlets · 4 articles 12h ago