Government Likely to Pause Shipping Corporation of India Privatisation Amid Global Trade Shifts

1 min read     Updated on 24 Oct 2025, 09:00 AM
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Overview

The Indian government is reportedly considering halting plans to privatize Shipping Corporation of India (SCI). This shift is driven by the need to handle global shipping route disruptions and reduce dependence on foreign vessels. SCI's Board has approved a Long-Term Business Plan, indicating steps to solidify future operations. The potential pause in privatization could enhance national security, improve trade resilience, align with self-reliance initiatives, and affect SCI's market position.

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*this image is generated using AI for illustrative purposes only.

The Indian government is reportedly considering a pause in its plans to privatise Shipping Corporation of India (SCI), a move that signals a significant shift in strategy amid changing global trade dynamics and geopolitical conditions.

Shift in Focus: From Divestment to Capacity Building

Sources close to the matter indicate that the government may be leaning towards strengthening SCI as a national carrier. This potential change in approach is primarily driven by two key factors:

  1. The need to handle disruptions in global shipping routes
  2. A desire to reduce India's dependence on foreign vessels

This strategic pivot could underscore the government's recognition of SCI's potential role in navigating the complexities of international maritime trade, especially during times of global uncertainty.

Long-Term Business Plan Approved

In a related development, SCI's Board of Directors has recently approved a Long-Term Business Plan prepared by the company's consultant. This approval occurred on October 23, 2025, at 14:33 hours, suggesting that SCI is taking steps to solidify its future operations and strategy.

Potential Implications of the Policy Shift

If the government decides to pause privatisation and focus on strengthening SCI, it could have several implications:

Aspect Potential Impact
National Security Enhanced control over critical shipping infrastructure
Trade Resilience Improved ability to manage global supply chain disruptions
Economic Strategy Alignment with self-reliance initiatives in strategic sectors
Market Dynamics Possible reassessment of SCI's valuation and market position

Looking Ahead

While the government has not made an official announcement regarding the privatisation pause, this reported shift in strategy may reflect a broader reassessment of national priorities in the face of evolving global challenges. Stakeholders will be keenly watching for further developments and official communications from both the government and SCI regarding the company's future direction and role in India's maritime sector.

As global trade patterns continue to evolve, the government's approach to SCI could serve as an indicator for its broader economic and strategic policies in the maritime domain.

Historical Stock Returns for Shipping Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.45%-6.42%-4.02%-4.92%+3.55%+143.88%
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SCI Extends Rear Admiral Jaswinder Singh's Additional Charge as Director (BC&T)

1 min read     Updated on 15 Oct 2025, 07:13 PM
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Reviewed by
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Overview

Shipping Corporation of India has received ministerial approval to extend Rear Admiral Jaswinder Singh's additional charge as Director (BC&T) from January 1, 2025 to June 30, 2026. This extension significantly expands his original tenure and allows him to continue his dual role overseeing both operational segments of the company.

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*this image is generated using AI for illustrative purposes only.

Shipping Corporation of India Limited (SCI) has announced an extension of Rear Admiral Jaswinder Singh's additional charge as Director (Bulk Carrier & Tanker). The Ministry of Ports, Shipping and Waterways approved the extension on December 31, 2025, extending his tenure significantly beyond the original appointment period.

Extension Details

Parameter Details
Extension Period January 1, 2025 to June 30, 2026
Approval Date December 31, 2025
Approving Authority Ministry of Ports, Shipping and Waterways
Current Position Director (L&PS)
Additional Charge Director (BC&T)
Subject to ACC approval

Background of the Appointment

Rear Admiral Jaswinder Singh was initially appointed as Director (BC&T) on additional charge from October 1, 2025 to December 31, 2025. The latest extension significantly expands his tenure in this dual role, allowing him to continue overseeing both the Liner & Passenger Services and Bulk Carrier & Tanker segments of SCI.

Professional Profile

Rear Admiral Singh brings extensive maritime expertise to his expanded role:

Qualification Details
Maritime Experience Over 35 years
SCI Tenure Since 2023
Previous BC&T Experience Six months additional charge
Education Post Graduate in Business Administration
Naval Recognition Nau Sena Medal recipient

Key Leadership Positions

During his distinguished naval career, Rear Admiral Singh held several prestigious appointments including Chief of Staff of the Southern Naval Command, Assistant Chief of Naval Staff Foreign Cooperation, and Principal Director at Naval Headquarters New Delhi. He also commanded Destroyer, Corvette, and Training Establishment units.

Current Board Positions

Rear Admiral Singh serves as a Director on the board of SCI Bharat IFSC Ltd, a wholly owned subsidiary of SCI, and Sethusamudram Corporation Ltd. He also holds the position of Vice Chairman at Narottam Morarje Institute of Shipping, Mumbai.

SCI has confirmed that Rear Admiral Singh is not related to any director of the company and is not debarred from holding directorship by any regulatory authority. The extension reflects SCI's confidence in his leadership capabilities across multiple operational segments.

Historical Stock Returns for Shipping Corporation of India

1 Day5 Days1 Month6 Months1 Year5 Years
-1.45%-6.42%-4.02%-4.92%+3.55%+143.88%
Shipping Corporation of India
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