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Mon, Aug

SCI to acquire $2.3 bn worth in India-built vessels

SCI to acquire $2.3 bn worth in India-built vessels

Asia
SCI to acquire $2.3 bn worth in India-built vessels

State-owned Shipping Corporation of India (SCI) is planning to purchase 26 domestically built ships worth ₹198.2 billion ($2.3 billion) under a government push to boost the local shipbuilding industry, according to people familiar with the matter.

The new vessels, with a combined capacity of 1.18 million gross tonnes, will be delivered in phases over several years. The o

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