India plans to re-register 300 foreign-owned vessels under the Indian flag by 2030 to expand the domestic fleet and lower logistics costs. Authorities said the process to re-flag around 50 vessels has already begun and is expected to be completed within the next three months.
Officials added that nearly 11 major global shipping lines have expressed interest in transferring part of their fleets to the Indian registry.
Re-flagging allows a vessel to operate under Indian maritime law and be registered in the national shipping registry. Authorities explained that this would enable ships to transport domestic cargo and support exporters, particularly smaller enterprises.
They added that the programme is expected to enhance supply chain resilience, retain freight earnings within India, and make logistics more affordable over the coming years.
Expanding the Indian-flag fleet is also projected to reduce reliance on foreign-flag carriers, which often affect freight rates, and support cost rationalisation for India’s export-import
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