In a landmark move, the Indo-Russian strategic partnership advanced with key MoUs signed between India’s Ministry of Ports and the Russian Transport Ministry. This initiative aims to enhance maritime cooperation and train Indian seafarers for Arctic navigation, reflecting a deepening collaboration in maritime security and interests in polar routes.
The Dredging Corporation of India Limited (DCIL) has signed 22 MoUs worth Rs 176.45 billion during the India Maritime Week 2025. Collaborating with major ports and organizations, these agreements focus on dredging operations over the next five years, enhancing India’s maritime capabilities and aligning with the government’s Maritime India Vision 2030.
The VOC Port in Tuticorin was honored as the ‘Green Visionary’ at the India Maritime Week 2025 for securing ₹90,936 crore in investments. The port signed 29 MoUs, emphasizing green energy initiatives, including a ₹25,400 crore agreement for a storage facility for green ammonia, positioning it as a leading Green Hydrogen Hub.
Under Prime Minister Narendra Modi, the Indian government is significantly enhancing the maritime economy by increasing port capacity and advancing shipbuilding. During India Maritime Week, over 600 MOUs worth more than Rs 12 lakh crore were signed, focusing on sustainable shipping and technology, aiming to create jobs and boost the sector.
The New Mangalore Port Authority (NMPA) has signed 18 MoUs worth ₹52,599 crore, marking a significant investment on India’s west coast. Key industry players like MRPL and Reliance are involved, reflecting confidence in the port’s potential. This initiative aims to enhance regional economic growth and operational efficiency in maritime activities.
Madhu Nair, Chairman and Managing Director of Cochin Shipyard, announced an order book of approximately ₹20,000 crore, with significant contributions from the merchant vessel sector. He highlighted recent infrastructure investments, including a new dry dock. Looking ahead, Cochin Shipyard aims to strengthen its presence along India’s coasts through strategic partnerships.
At the India Maritime Week 2025 in Mumbai, Odisha’s Chief Minister Mohan Charan Majhi unveiled a bold maritime strategy, signing MoUs worth ₹50,000 crore. This initiative aims to enhance ports, shipping, and marine resources, positioning Odisha as a maritime leader while promoting sustainable practices and economic growth through job creation.
During the upcoming India Maritime Week in Mumbai, MOUs totaling ₹10 lakh crore will be announced, focusing on shipbuilding and port modernization. With participation from over 100 countries, the event aims to attract significant investments, showcasing India’s maritime reforms. Prime Minister Modi will be the chief guest, emphasizing global interest.
India has signed 13 Memorandums of Understanding (MoUs) with the Maldives, committing MVR 100 million to enhance ferry services and maritime connectivity. These agreements, part of the High Impact Community Development Project Phase III, aim to uplift community livelihoods and strengthen the partnership between the two nations through improved infrastructure.
