The Mormugao Port Authority (MPA) has signed 25 Memoranda of Understanding (MoUs) at the India Maritime Week in Mumbai, creating a tentative investment pipeline worth Rs 61.6 billion. Among the projects is a major Rs 35 billion (USD 400 million) proposal to develop a liquefied natural gas (LNG) terminal at the Vasco port.

Simultaneously, the Inland Waterways Authority of India (IWAI) announced an allocation of Rs 2 billion to boost Goa’s inland waterway infrastructure. Chief Minister Pramod Sawant said the funds would accelerate the modernisation of ferry terminals, jetties, and river navigation facilities. “The impact of this investment will soon be visible across Goa’s waterways, enhancing mobility, tourism, and economic activity,” he said while inaugurating the India Maritime Week.

Sawant added that the state’s shipbuilding vision for 2037 aims to position Goa as a green, smart, and export-oriented maritime hub. A comprehensive shipbuilding policy is also expected to be announced soon.

The Chief Minister further noted that eco-friendly coastal shipping, cruise tourism, fisheries infrastructure, renewable energy, logistics, and maritime skill development will be key priorities under the state’s maritime masterplan.

MPA and Atlantic & Pacific LNG have entered into a strategic alliance for the development, construction, and operation of LNG and liquefied petroleum gas (LPG) terminals at Vasco, which are expected to be operational by 2027.

Sawant said his government is committed to promoting port-led industrial growth while maintaining a balance with ocean health. “We aim to advance the circular economy, promote clean energy, and ensure responsible use of marine resources in line with the Sustainable Development Goals,” he stated.

Port authorities are also exploring the feasibility of interstate ferry services, including a proposed Mumbai–Goa roll-on/roll-off (RoRo) ferry connection. Ports Minister Digambar Kamat added that the process to establish the Goa Maritime Board has already commenced.