India plans to invest Rs 850 billion to purchase 112 crude oil tankers by 2040

India is planning to invest Rs 850 billion to purchase 112 domestically built crude oil tankers by 2040, aiming to reduce reliance on foreign-owned vessels. The initiative’s first phase involves buying 79 ships, including 30 medium-range vessels. An initial order for 10 tankers is expected to be placed soon.