The New Mangalore Port Authority (NMPA) has signed 18 Memorandums of Understanding (MoUs) worth Rs 525 billion with key industry leaders, including MRPL, Aegis Vopak, Reliance, HPCL, GMPL, and IPRCL. The agreements underscore the strong investment potential along India’s West Coast, announced during the ongoing India Maritime Week 2025 in Mumbai.

During the Karnataka Session on “Exploring PPP Synergies for a Sustainable Blue Economy”, NMPA Chairman Dr A. V. Ramana highlighted the evolution of Public-Private Partnership (PPP) models that have transformed port operations through innovation, efficiency, and sustainability.

He also showcased NMPA’s successful PPP initiatives, including mechanised terminals and a multi-speciality hospital — the first of its kind to be developed under a PPP model among Indian ports.

Chairing the session on “Passenger Experience, Sustainability & Policy Framework” in the Cruise Tourism segment, Dr Ramana discussed India’s growing cruise potential. He emphasised the need to enhance passenger experiences through digitalisation, shore-power facilities, and green tourism infrastructure.

Karnataka State Port Minister Mankal Vaidya, during his visit to the NMPA Pavilion, commended Dr Ramana’s leadership, noting that NMPA’s profitability has quadrupled between 2019 and 2025. He added that this achievement positions NMPA among India’s most efficient and sustainable ports.

India Maritime Week 2025 will continue until 31 October.