Stories
SCI to Propel India to Top Shipping Nation Status, Says Sonowal
N
News18•03-10-2026, 11:30
SCI to Propel India to Top Shipping Nation Status, Says Sonowal
- •Union Minister Sarbananda Sonowal stated that India is determined to build ships domestically and the Shipping Corporation of India (SCI) will be crucial in achieving the ambition of becoming a top shipping nation.
- •SCI expects its Profit After Tax (PAT) to exceed Rs 2,000 crore this fiscal, up from Rs 1,352.92 crore in the financial year ended March 2026.
- •Sonowal urged SCI to lead India's drive towards self-reliant, globally competitive shipbuilding and maritime capacity, highlighting its role in safeguarding India's energy and trade security.
- •Founded in 1961 with 19 vessels, SCI has grown into a diversified maritime enterprise operating 58 vessels totaling 5.26 million DWT, with operations spanning various shipping sectors.
- •SCI's fleet, people, and partnerships are central to India's mission to become a top shipbuilding nation under Maritime Amrit Kaal Vision 2047, supporting Viksit Bharat and Atmanirbhar Bharat goals.
Key Questions Answered
The Shipping Corporation of India (SCI) expects its Profit After Tax to surpass Rs 2,000 crore this fiscal year, up from 1,352.92 crore on a standalone basis for the financial year ended March 2026.
Founded in 1961 as a liner shipping company with 19 vessels, SCI has expanded into a diversified maritime enterprise operating 58 vessels totaling 5.26 million deadweight tonnage.
SCI is supporting the Maritime Amrit Kaal Vision 2047, Viksit Bharat, and Atmanirbhar Bharat goals by helping India build ships domestically and expand its maritime capacity.
