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
Infrastructure Urban

TCC Concept Reports 480% Revenue Growth in Q1FY27

TCC Concept  has reported strong financial performance for the first quarter of FY27, with revenue from operations rising 480% year-on-year to Rs 1,283 million.The company’s EBITDA increased 158% year-on-year to Rs 463 million, with an EBITDA margin of 36.1%. Profit after tax (PAT) grew 34% year-on-year to Rs 126 million during the quarter.The growth was supported by continued execution across TCC’s integrated ecosystem spanning consumer commerce, supply chain, digital infrastructure, cloud, PropTech and AI-led platforms.Pepperfry continued to strengthen its omnichannel expansion stra..

Next Story
Real Estate

ANHAD Developers Appoints Akash Lakhina as Sales Head

ANHAD Developers has appointed Akash Lakhina as Head of Sales, Marketing and CRM as the company strengthens its leadership team ahead of its entry into Gurugram’s premium residential market.The appointment follows Adil Altaf taking charge as CEO of the group’s real estate vertical. Lakhina will be responsible for driving the company’s sales, marketing and customer relationship initiatives for its upcoming luxury developments.With nearly three decades of professional experience, Lakhina brings expertise across multiple industries, including over a decade in luxury real estate. His experie..

Next Story
Real Estate

BXB Estates Records AED 110 Million Luxury Villa Sale in Dubai

BXB Estates has completed a record AED 110 million residential transaction at Jumeirah Golf Estates, marking the highest-value residential sale in the history of one of Dubai’s most prestigious communities.The transaction, negotiated by Alfie Tabrez, Managing Partner, BXB Estates, surpasses the previous record of AED 58 million for a completed ready villa.The six-bedroom luxury residence features a built-up area of 21,714 sq ft on a 15,873 sq ft plot. The property includes nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace. Its wellness facilit..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement