Paradip Port Set to Sign ₹1.5 Lakh Crore Worth MoUs at India Maritime Week 2025 in Mumbai
Mumbai:
Port Wings News Network:
Paradip Port is all set to sign Memorandums of Understanding (MOUs) worth ₹1.5 lakh crore across sectors including shipbuilding, ship repair, port modernization, smart port initiatives, business development, and Green Hydrogen projects during the India Maritime Week in Mumbai scheduled from 27 to 31 October 2025.
Organised by the Ministry of Ports, Shipping and Waterways, Government of India, India Maritime Week is going to be the largest maritime conclave in the world, and expected to bring together over 100 maritime nations, 200 international experts, and 500 leading maritime industries, making it a premier platform for knowledge sharing, investment opportunities, and technology exchange in the maritime sector.
It may be noted that Paradip Port was notified as a Green Hydrogen Hub, becoming one of only three ports in India to receive this distinction, alongside VOC Port in Tuticorin and Deendayal Port in Kandla.
The Government of Odisha will also participate in India Maritime Week, with a dedicated session on the state’s maritime development. Odisha has already signed MoUs with PPA for strategic projects including the Bahuda port development and a shipbuilding centre in Kendrapara district, expected to generate significant employment and economic growth.
In addition, Odisha will sign an MoU for the development of a cruise terminal in Puri during IMW 2025, aimed at promoting maritime tourism. The first phase will focus on Puri, with the second phase extending the cruise terminal to Paradip within next 2–3 years.
To create public awareness, Paradip Port has launched initiatives including sand art at Paradip Beach, along with advertisements, hoardings, podcasts, and social media campaigns, timed with the Diwali festivities. These initiatives reflect the joint commitment of the Government of Odisha, Paradip Port, and the Ministry of Ports, Shipping and Waterways to drive economic development, creating employment, and promoting maritime awareness in Odisha and beyond.
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