World · India Bureau
TCI Eyes 30-40% Expansion in Coastal Shipping Fleet by FY30
Logistics major TCI Express is charting an ambitious growth trajectory for its maritime operations, planning to significantly expand its coastal shipping capacity through strategic fleet modernisation and network expansion over the next four to five years.
LSN India ·
TCI Express, a leading player in India's logistics sector, is committing Rs 400-500 crore annually to strengthen its coastal shipping operations, targeting a 30-40% increase in capacity by FY30. The expansion strategy combines fleet augmentation with the phased replacement of ageing vessels to enhance operational efficiency and service reliability.
The company's investment roadmap focuses on bolstering its multimodal transportation network, integrating coastal shipping with its existing trucking and warehousing infrastructure. This integrated approach aims to provide seamless logistics solutions across India's maritime corridors, particularly strengthening connectivity between major ports and inland distribution hubs.
Coastal shipping has emerged as a critical component of India's logistics framework, offering cost-effective alternatives to road transport while reducing carbon emissions. TCI's expansion aligns with broader industry trends favouring maritime routes for bulk cargo movements, supported by government initiatives promoting the modal shift away from highways.
The initiative positions TCI to capitalise on growing demand for efficient, sustainable logistics solutions from manufacturing and e-commerce sectors. By modernising its fleet and expanding capacity, the company aims to enhance its competitive positioning in India's evolving logistics landscape.