The Ministry of Shipping is actively moving an inter-ministerial proposal to reverse the 2019 Cabinet approval for the disinvestment of the Shipping Corporation of India (SCI) to drive the nation’s major maritime push. The ministry seeks to remerge SCI with its unbundled land assets arm, SCILAL, which would instantly unlock a combined asset value and provide SCI with critical capital to fund national container carrier lines and crude tanker joint ventures. This aligns with a larger ₹1 lakh crore state-backed modernization plan to aggressively expand SCI’s fleet to 216 vessels by 2047. Meanwhile, macroeconomic data from the Solvent Extractors’ Association of India (SEA) confirmed an 8% rise in total vegetable oil imports for May 2026, noting that the government’s strategic policy of maintaining a higher duty differential between crude and refined oils successfully suppressed refined imports to support domestic processing mills.