India’s ₹10,000 Crore Plan to Build Oil Tankers

INDIA NEWS

By Aniket Chakraborty May 19, 2025 Arrow

Only ships built in India will be considered—giving a boost to the Make in India push in shipbuilding.

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The first batch includes 79 ships, with 30 medium-range vessels. A tender for 10 tankers may roll out this month.

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Despite clean energy goals, India’s refining capacity is set to jump from 250 to 450 million tons by 2030.

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Currently, India imports most of its crude and charters foreign vessels—this plan aims to change that.

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India’s fleet of locally built oil tankers is just 5% today but is targeted to rise to 69% by 2047.

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Modi govt has announced a ₹25,000 crore maritime fund to strengthen shipbuilding and reduce Chinese reliance.

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Talks are on with Japan and South Korea for joint shipbuilding ventures in Kochi and beyond.

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Experts say this will not only reduce dependency but also create a resilient energy logistics backbone.

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With global disruptions rising, India’s push to build its own oil fleet could be a geopolitical game-changer.

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