GENERAL3 Oct 2026
SCI to help India achieve ambition of becoming top shipping nation: Sonowal
At its 65th anniversary, Shipping Corporation of India was urged by Shipping Minister Sarbananda Sonowal to lead India's shipbuilding push. The state-run company expects profit after tax to cross ₹2,000 crore this fiscal, up from ₹1,352.92 crore last year. It runs 58 ships and plans fleet expansion with new partnerships. Ship owners, exporters and maritime suppliers should watch these developments.
Key Statutory Highlights
- Shipping Minister Sarbananda Sonowal said SCI will help India achieve its ambition of becoming a top shipping nation under Maritime Amrit Kaal Vision 2047.
- SCI expects its profit after tax to surpass ₹2,000 crore this fiscal, compared with ₹1,352.92 crore in the year ended March 2026.
- Founded in 1961 with 19 vessels, SCI now operates 58 vessels with a total of 5.26 million deadweight tonnage.
Actionable Advice for Taxpayers / Founders:If your business works in shipping, ports or maritime services, keep track of SCI's fleet expansion and its proposed joint ventures with Indian Oil public sector undertakings and Bharat Container Shipping Line, and confirm details through official SCI or government channels rather than news reports alone.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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