Odisha’s Paradip port to sign Rs 1.5 lakh crore worth MOUs during India Maritime Week conclave at Mumbai
Bhubaneswar Oct 21 (UNI) Odisha’s Paradip Port will have a prominent presence at the event, signing Memorandum of Understandings (MOUs) worth Rs 1.5 lakh crore across sectors including shipbuilding, ship repair, port modernization, smart port initiatives, business development, and Green Hydrogen projects at the upcoming India Maritime Week in Mumbai from 27 to 31 October, port officials said.
The Ministry of Ports, Shipping and Waterways is set to host India Maritime Week in Mumbai and the event, the largest maritime conclave in the world, will bring together over 100 maritime nations, 200 international experts, and 500 leading maritime industries, making it a premier platform for knowledge sharing, investment opportunities, and technology exchange in the maritime sector.
Recently, Paradip Port was notified as a Green Hydrogen Hub, becoming one of only three ports in India to receive this distinction, alongside Tuticorin and Kandla.
The Odisha Government will also participate in India Maritime Week, with a dedicated session on the state’s maritime development.
Odisha has already signed MoUs with Paradip Port Authority for strategic projects including the Bahuda port development and a shipbuilding centre in Kendrapara district, expected to generate significant employment and economic growth.
In addition, Odisha will sign an MoU for the development of a cruise terminal in Puri during IMW 2025, aimed at promoting maritime tourism. The first phase will focus on Puri, with the second phase extending the cruise terminal to Paradip within the next 2–3 years.
To create public awareness, Paradip Port has launched initiatives including sand art at Paradip Beach, along with advertisements, hoardings, podcasts, and social media campaigns, timed with the Diwali festivities.
These initiatives reflect the joint commitment of the Government of Odisha, Paradip Port, and the Ministry of Ports, Shipping and Waterways to drive economic development, creating employment, and promoting maritime awareness in Odisha and beyond.