Mumbai Port launches signs Rs 40 billion projects

27 Aug 2024 CW Team

The Mumbai Port has unveiled several significant projects and signed investment proposals worth Rs 40 billion, focusing on sustainability and green fuel. These initiatives, expected to generate 145,000 person-days of employment were announced, according to a statement from the port operator.

The Memorandums of Understanding (MoUs) related to these investments were signed in the presence of Union Minister for Ports, Shipping, and Waterways, Sarbananda Sonowal, during his visit to the port. One of the MoUs was signed between Mumbai Port Authority, Mumbai Port Sustainability Foundation (MPSF), and HPCL to develop a green fuel ecosystem. Another MoU was signed between Det Norske Veritas (DNV) and MPSF for collaboration on emission management, decarbonization, digitization, and safety in port and shipping operations.

Norway-based DNV, known for its services in quality management, risk assessment, and sustainability, will play a key role in these initiatives.

During his visit, Minister Sonowal also virtually inaugurated several key projects, including the testing operations for the newly constructed 3rd chemical berth at Pir Pau jetty. He also inaugurated an automation system and programmable logic controller (PLC) at the Marine Oil Terminal and the MPSF.

Additionally, the minister laid the foundation for the shore protection and reclamation project at Jawahar Dweep. Mumbai Port also finalized land transfer documents for various leasing agreements, including the leasing of two plots to Mahanagar Gas Nigam Ltd and two plots at Pir Pau to Aegis Logistics for liquid bulk storage. The renewal of leases for Mazagaon Dock Shipbuilders, among others, was also completed during the minister's visit.

These initiatives and agreements, totalling an investment of Rs 40 billion, are expected to significantly benefit Mumbai, both economically and in terms of job creation.

(ET)

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