Mormugao Port To Ink Rs 30 Billion Investment Deals

23 Oct 2025 CW Team

The Mormugao Port Authority (MPA) in Goa expects to sign around 24 investment agreements worth Rs 30 billion during the upcoming India Maritime Week in Mumbai, the port announced on Wednesday.

MPA Chairman N. Vinodkumar said the port, one of India’s 12 state-run major ports, aims to expand its annual cargo handling capacity to 100 million tonnes by 2035, up from the current 65 million tonnes.

As part of its modernisation plans, the MPA will redevelop Berth No. 9, previously an iron ore mechanical berth, into a 350-metre-long multipurpose berth capable of handling iron ore and general cargo. The earlier mechanical ore handling plant at the site was decommissioned following the mining ban on iron ore.

Vinodkumar noted that once operational, the upgraded berth would accommodate larger vessels, enhancing the port’s efficiency and competitiveness.

Additionally, the port will redevelop another berth to host four domestic cruise vessels simultaneously, up from the current capacity of three ships, which are handled at the breakwater berth.

“We will sign around 24 agreements, most of which have already been finalised, ensuring an investment of nearly Rs 30 billion over the next decade,” Vinodkumar confirmed.

The India Maritime Week, hosted by the Union Ministry of Ports, Shipping and Waterways and organised by the Indian Ports Association, will be held in Mumbai from 27 to 31 October.

The planned investments and capacity expansions form part of MPA’s broader vision to strengthen Goa’s role as a strategic logistics and tourism hub on India’s western coast.

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