Shipping Corporation of India (SCI), Container Corporation of India (CONCOR), and port authorities form Bharat Container Shipping Line (BCSL) with ₹15,000 crore joint funding.

Key facts

• Shipping Corporation of India (SCI), Container Corporation of India (CONCOR), Jawaharlal Nehru Port Authority, V.O. Chidambaranar Port Authority (VOCPA), Chennai Port Authority, and Sagarmala Finance Corporation Limited (SMFCL) signed an agreement on Tuesday to form Bharat Container Shipping Line (BCSL).
• The agreement provides for joint funding of up to ₹15,000 crore for eligible projects aimed at port capacity expansion under the Sagarmala Programme and the PM Gati Shakti National Master Plan.
• India will place orders for 15 domestically manufactured container vessels through BCSL during fiscal 2026-27 as part of a strategy to procure 51 vessels in the next five years under phase one.
• The initiative is aligned with the Container Manufacturing Assistance Scheme (CMAS) announced in Union Budget 2026-27.