Odisha Ports Drive Trade, Rs 16.5 Billion Investment Secured

29 Jul 2025 CW Team

Odisha’s maritime trade and logistics capabilities have significantly advanced, both in domestic and international spheres, driven by strategic policies of the Odisha Maritime Board and Commerce & Transport Department, officials said on Saturday.

Cargo handling capacity at non-major ports has reached 80 million tonnes per annum (MTPA), with Dhamra Port handling 46.08 MTPA and Gopalpur Port managing 6 MTPA in FY 2024–25. This has yielded Rs 3.06 billion in revenue for the state. Meanwhile, Paradip Port Authority retained its position as India’s largest cargo-handling major port with 150.41 MTPA during the same period.

Odisha’s modernisation efforts include deeper berths and advanced port technologies, enhancing global trade integration and coastal connectivity. Improved feeder services are ensuring last-mile delivery to industrial and agricultural zones.

A concession agreement with JSW Utkal Steel Ltd for a captive jetty to support its integrated steel plant will bring Rs 2.10 billion in investment and generate employment for around 3,450 people. Separately, a revised agreement with Gopalpur Ports Ltd following a 95 per cent equity transfer to Adani Ports & SEZ will attract Rs 16.55 billion in investment and create approximately 5,000 jobs.

In support of a skilled maritime workforce, simulators have been installed at the Crew Training Institute, Chandbali, and Odisha Maritime Academy. Additionally, the Directorate of Ports & Inland Water Transport has distributed nearly 35,000 life-saving devices to boat operators with a 95 per cent subsidy to improve inland water safety.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..