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Paradip Port Executes 27 MoUs worth Rs. 27,450 Cr With Various Stakeholders


Port Wings News Network:

Paradip Port, the second largest major port in terms of cargo handling in India, has executed 27 Memorandum of Understandings (MoU) with various stakeholders to further enhance the economic growth of the State of Odisha and the country as a whole under the Maritime India Summit 2021.

The MoUs were signed on behalf of PPT by respective HoDs and Sr. Officials and Sr. officials of representing organisations in presence of Shri Vinit Kumar, Chairman and Shri A.K. Bose, Dy. Chairman, PPT.

Addressing the media over video conferencing, Shri Vinit Kumar appealed everyone to make the mega international event a grand success.

He shared with the Press the details about the upcoming sessions and process of registration to participate in the Summit.

Moreover, there will be a special session on “Investment Opportunities in Odisha” on March 3, 2021, from 1230 Hrs to 1400 Hrs in which Commerce & Transport Minister of Odisha, Shri Padmanabha Behera will chair the session, which will be also attended by senior State Officials of the Govt. of Odisha and Heads of leading industries on virtual mode.

Out of the 27 MoUs, 15 are worth Rs.3,878.81 Crs. under the category of projects for development of “World Class Port”, 2 in Coastal Shipping Hinterland connectivity and Multimodal Logistics Park worth Rs.355 Crs., 2 in Port infrastructures focusing on Liquid Cargo worth Rs.5,382.64 Crs., 4 in Port Led Industrialization worth Rs.16,218 Crs. and 4 under the category of Promoting Cargo and Passenger Movement and Seaplane Tourism worth Rs.1,616 Crs.

The Union Ministry of Ports, Shipping & Waterways will conduct the MIS from March 2 – 4, 2021. The summit intends to be a powerful platform for international collaboration with partner countries for mutual exchange of knowledge and opportunities and also leading towards the Atmanirbhar Bharat.

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