MoU unites ministries and oil firms to build vessels, boosting India's shipping, energy security strategically.

• Ministries of Ports, Shipping, Waterways, and Petroleum collaborate, acquiring and managing a joint vessel fleet nationwide.
• BPCL, HPCL, and Indian Oil contribute expertise, ensuring robust crude processing and product distribution across.
• Project aligns with Atmanirbhar Bharat, enhancing trade routes, coastal transport, and hydrocarbon logistics for India.