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Modi advocates for domestic production across key sectors to bolster the Indian economy and reduce reliance on foreign entities.
The vessel is linked to the sinking of MSC ELSA 3, which caused environmental damage off the Kerala coast.
The incident raises concerns about maritime security and regional tensions, especially given past Houthi attacks on shipping and recent geopolitical events.
The ship, which remains afloat, continues to emit smoke.
The ship is expected to berth only on June 6 or 7.
The 184-meter-long Liberian-flagged vessel, which was carrying 640 containers, sank on Sunday.
25-year-old Vishnu Babu went missing from SSI Resolute last Tuesday.
"Search and rescue operations have successfully found 10 crew members of the oil tanker Prestige Falcon, 9 found alive.
The Comoros-flagged oil tankre had a 16-member crew.
The Kerala Maritime Board has already initiated discussions with private shipping companies to promote coastal shipping.
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