India Signs Rs 12 Trillion Maritime MoUs at IMW 2025
PORTS & SHIPPING

India Signs Rs 12 Trillion Maritime MoUs at IMW 2025

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Thursday that 600 memorandums of understanding (MoUs) worth Rs 12 trillion in investment proposals were signed during India Maritime Week 2025 (IMW 2025). The agreements mark a major step towards transforming India into a global maritime superpower.

Addressing the media, Sonowal said that CEOs of 11 leading global shipping companies participated in IMW 2025, which began on 27 October at the Bombay Exhibition Centre and concludes on Friday.

He reaffirmed the Narendra Modi government’s commitment to expanding and modernising India’s port infrastructure to ensure that the country is equipped to handle future maritime challenges.

Providing further details, Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, said that 30 per cent of the MoUs signed are aimed at port development and modernisation, while 20 per cent focus on green shipping initiatives. Another 20 per cent are dedicated to domestic shipbuilding, 20 per cent to port-led industrialisation, and 10 per cent to trade promotion, business expansion, and skill development.

The five-day event serves as a platform to highlight India’s maritime ambitions and attract domestic and international investment. It also showcases the government’s recent policy reforms and fiscal incentives designed to strengthen the sector’s competitiveness.

Sonowal added that these collaborations underscore India’s growing importance in global trade and logistics, reaffirming its vision of becoming a maritime powerhouse under the Maritime India Vision 2030 framework.

Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal announced on Thursday that 600 memorandums of understanding (MoUs) worth Rs 12 trillion in investment proposals were signed during India Maritime Week 2025 (IMW 2025). The agreements mark a major step towards transforming India into a global maritime superpower. Addressing the media, Sonowal said that CEOs of 11 leading global shipping companies participated in IMW 2025, which began on 27 October at the Bombay Exhibition Centre and concludes on Friday. He reaffirmed the Narendra Modi government’s commitment to expanding and modernising India’s port infrastructure to ensure that the country is equipped to handle future maritime challenges. Providing further details, Vijay Kumar, Secretary, Ministry of Ports, Shipping and Waterways, said that 30 per cent of the MoUs signed are aimed at port development and modernisation, while 20 per cent focus on green shipping initiatives. Another 20 per cent are dedicated to domestic shipbuilding, 20 per cent to port-led industrialisation, and 10 per cent to trade promotion, business expansion, and skill development. The five-day event serves as a platform to highlight India’s maritime ambitions and attract domestic and international investment. It also showcases the government’s recent policy reforms and fiscal incentives designed to strengthen the sector’s competitiveness. Sonowal added that these collaborations underscore India’s growing importance in global trade and logistics, reaffirming its vision of becoming a maritime powerhouse under the Maritime India Vision 2030 framework.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code