A new PSU isn't the answer

Government needs to rethink fleet expansion strategy

A lot has been written about India’s burgeoning freight costs and what must be done about them. Experts warn that the country, which incurred freight costs of $85 billion in 2019-20, will see that figure rise to about $400 billion by 2047. What rankles even more is that all this money is being paid out to foreign shipping companies. So now, public sector undertakings (PSUs) in the fields of gas, oil, coal and fertiliser are being asked to leap into the (for them) uncharted waters of shipping by floating their own shipping company. Once more policymakers seem