Paradip Port to ink Rs 1.5 trillion MoUs at India Maritime Week
PORTS & SHIPPING

Paradip Port to ink Rs 1.5 trillion MoUs at India Maritime Week

Paradip Port is set to make a major impact at the upcoming India Maritime Week (IMW) 2025 in Mumbai, with plans to sign Memorandums of Understanding (MoUs) worth Rs 1.5 trillion across multiple sectors, including shipbuilding, port modernisation, green hydrogen, smart port initiatives, and business development.

Hosted by the Ministry of Ports, Shipping and Waterways, the event will take place in Mumbai from 27 to 31 October. Touted as the world’s largest maritime conclave, IMW will bring together over 100 maritime nations, 200 global experts, and 500 leading maritime industries, providing a premier platform for investment, innovation, and international collaboration.

Paradip emerges as green hydrogen hub

Paradip Port was recently designated as a Green Hydrogen Hub, joining Tuticorin and Kandla as one of India’s three such ports. The port is expected to play a key role in supporting India’s clean energy transition and driving sustainable maritime growth.

The Government of Odisha will also participate in IMW, highlighting the state’s port-led development potential through a dedicated session. The state has already signed MoUs with the Paradip Port Authority (PPA) for major projects, including the Bahuda Port development and a shipbuilding centre in Kendrapara district — both expected to generate significant employment and boost regional economic activity.

Cruise terminal and tourism boost

During IMW 2025, Odisha is also expected to sign an MoU to develop a cruise terminal in Puri, aimed at enhancing maritime tourism. The project’s first phase will focus on Puri, while the second phase will extend the terminal to Paradip within two to three years.

In the lead-up to the conclave, Paradip Port has launched several public outreach campaigns — including sand art displays, advertisements, and social media initiatives coinciding with Diwali celebrations — to promote maritime awareness.

These combined efforts reflect the commitment of the Government of Odisha, Paradip Port, and the Ministry of Ports, Shipping and Waterways to advance sustainable growth, employment generation, and India’s maritime transformation.

Paradip Port is set to make a major impact at the upcoming India Maritime Week (IMW) 2025 in Mumbai, with plans to sign Memorandums of Understanding (MoUs) worth Rs 1.5 trillion across multiple sectors, including shipbuilding, port modernisation, green hydrogen, smart port initiatives, and business development. Hosted by the Ministry of Ports, Shipping and Waterways, the event will take place in Mumbai from 27 to 31 October. Touted as the world’s largest maritime conclave, IMW will bring together over 100 maritime nations, 200 global experts, and 500 leading maritime industries, providing a premier platform for investment, innovation, and international collaboration. Paradip emerges as green hydrogen hub Paradip Port was recently designated as a Green Hydrogen Hub, joining Tuticorin and Kandla as one of India’s three such ports. The port is expected to play a key role in supporting India’s clean energy transition and driving sustainable maritime growth. The Government of Odisha will also participate in IMW, highlighting the state’s port-led development potential through a dedicated session. The state has already signed MoUs with the Paradip Port Authority (PPA) for major projects, including the Bahuda Port development and a shipbuilding centre in Kendrapara district — both expected to generate significant employment and boost regional economic activity. Cruise terminal and tourism boost During IMW 2025, Odisha is also expected to sign an MoU to develop a cruise terminal in Puri, aimed at enhancing maritime tourism. The project’s first phase will focus on Puri, while the second phase will extend the terminal to Paradip within two to three years. In the lead-up to the conclave, Paradip Port has launched several public outreach campaigns — including sand art displays, advertisements, and social media initiatives coinciding with Diwali celebrations — to promote maritime awareness. These combined efforts reflect the commitment of the Government of Odisha, Paradip Port, and the Ministry of Ports, Shipping and Waterways to advance sustainable growth, employment generation, and India’s maritime transformation.

Next Story
Real Estate

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Next Story
Real Estate

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Next Story
Technology

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement