The Mumbai Port Authority (MbPA) has announced a portfolio of 63 projects with a combined investment of Rs 5,028.17 crore during its 154th Foundation Day celebrations, underscoring its plans to strengthen maritime infrastructure, logistics and waterfront development in the city.
According to the state-run port authority, the project pipeline includes 22 upcoming initiatives valued at Rs 3,541.29 crore, 34 projects worth Rs 1,354.59 crore for which foundation stones will be laid, and seven projects amounting to Rs 132.29 crore that were inaugurated during the event.
Addressing the gathering in Mumbai, Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal highlighted the role of institutions such as Mumbai Port in advancing the vision of Viksit Bharat 2047. He noted that Mumbai Port continues to hold a significant position in India’s maritime ecosystem and is helping create fresh opportunities across sectors such as investment, tourism, logistics and energy security.
Referring to the Centre’s port-led development strategy, Sonowal cited several ongoing initiatives being pursued by the Mumbai Port Authority, including the international cruise terminal, ferry jetty developments, Jawahar Dweep reclamation works and energy-related infrastructure projects.
Minister of State for Ports, Shipping and Waterways Shantanu Thakur, who addressed the programme virtually, said Mumbai Port Authority has been serving the country’s trade, industry and maritime sectors for over 150 years and continues to play a vital role in the nation’s economic growth.
The event was attended by Mumbai Port Authority Chairperson M. Angamuthu, Deputy Chairperson Adesh Titarmare and Jawaharlal Nehru Port Authority Chairperson Gaurav Dayal, among others.
In his welcome address, Angamuthu said the Foundation Day celebration provided an opportunity to reflect on Mumbai Port Authority’s longstanding contribution to the nation and recognise the efforts of all stakeholders associated with the institution.
The programme also witnessed the exchange of agreements related to Indira Dock operations and management, as well as the Viksit Bharat Mumbai Marina project. These agreements are expected to support improved port operations, waterfront development and more efficient utilisation of port assets.
Source: Money Control
