+
Kolkata Port inks 21 MoUs in 36,000cr deal
PORTS & SHIPPING

Kolkata Port inks 21 MoUs in 36,000cr deal

In a groundbreaking move towards driving industrialization through port development, Syama Prasad Mookherjee Port, Kolkata, announced a monumental deal worth ?3.6 billion (Rs 36,000 crore) with various companies during the third edition of the Global Maritime India Summit 2023, held in Mumbai on Tuesday.

Rathendra Raman, Chairperson of SMP, Kolkata, played a pivotal role in this historic agreement by signing 21 Memorandums of Understanding (MoUs) with a diverse array of government agencies and private partners. These MoUs encompass vital areas such as port connectivity, capacity enhancement, and green energy projects, all of which align with the Vision 2047 initiative.

Notable agreements include a partnership with NTPC for the development of green energy and ammonia projects, as well as collaboration with GRSE for the supply of environmentally friendly marine vessels. The event also witnessed the inauguration of the first Public-Private Partnership (PPP) project for the Kolkata Dock System at SMP, named "Rejuvenation of KPD - Dock 1 (West)," by Prime Minister Narendra Modi.

This momentous development marks a significant stride towards the modernization and sustainable growth of Syama Prasad Mookherjee Port, Kolkata, underscoring its commitment to fostering economic progress and environmental sustainability in the region.

In a groundbreaking move towards driving industrialization through port development, Syama Prasad Mookherjee Port, Kolkata, announced a monumental deal worth ?3.6 billion (Rs 36,000 crore) with various companies during the third edition of the Global Maritime India Summit 2023, held in Mumbai on Tuesday. Rathendra Raman, Chairperson of SMP, Kolkata, played a pivotal role in this historic agreement by signing 21 Memorandums of Understanding (MoUs) with a diverse array of government agencies and private partners. These MoUs encompass vital areas such as port connectivity, capacity enhancement, and green energy projects, all of which align with the Vision 2047 initiative. Notable agreements include a partnership with NTPC for the development of green energy and ammonia projects, as well as collaboration with GRSE for the supply of environmentally friendly marine vessels. The event also witnessed the inauguration of the first Public-Private Partnership (PPP) project for the Kolkata Dock System at SMP, named Rejuvenation of KPD - Dock 1 (West), by Prime Minister Narendra Modi. This momentous development marks a significant stride towards the modernization and sustainable growth of Syama Prasad Mookherjee Port, Kolkata, underscoring its commitment to fostering economic progress and environmental sustainability in the region.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code