The Cabinet Committee on Economic Affairs has accorded 'In-principle' approval for strategic disinvestment of Government of India shareholding of 63.75% in Shipping Corporation of India (SCI) along with transfer of management control to a strategic buyer.
SCI is the only Indian shipping company operating break-bulk service, international container service, liquid / dry bulk service, offshore service, passenger service, in addition to manning / managing a large number of vessels on behalf of various government departments and organizations.
