The Ministry of Ports, Shipping and Waterways (MoPSW) has unveiled a development pipeline worth Rs 5,028.17 crore for the Mumbai Port, with the modernisation of the historic Indira Docks emerging as one of the key focus areas. The announcement was made during the celebrations marking the 154th Foundation Day of Mumbai Port, one of India’s oldest and most significant maritime gateways.
Among the major initiatives announced was the signing of the Indira Dock Operations and Maintenance (O&M) Agreement. The Mumbai Port Authority (MPA) exchanged agreements with private operators J M Baxi Ports & Logistics and M Dinshaw & Co for the long-term operation and maintenance of 21 berths at the Indira Docks.
The O&M agreement is expected to modernise cargo handling operations, improve operational efficiency and generate a sustainable source of revenue for the port. Modelled on the successful Visakhapatnam Port framework, the initiative is aimed at enhancing Mumbai Port’s competitiveness with the nearby Jawaharlal Nehru Port over the next decade. The two private operators are expected to generate nearly Rs 987 crore in revenue through the project.
Another key agreement signed during the event relates to the Rs 887 crore Viksit Bharat Mumbai Marina project, which received approval from the ministry in December 2025. Under the project, the Mumbai Port Authority will invest Rs 470 crore to develop the core marina infrastructure on an Engineering, Procurement and Construction (EPC) basis, while a private partner will invest Rs 417 crore to build the marina’s onshore facilities.
The overall development package includes seven inaugurated projects worth Rs 132.29 crore, foundation stones for 34 projects valued at Rs 1,354.59 crore, and the announcement of 22 new projects worth Rs 3,541.29 crore.
“The projects showcased today reflect our commitment to building world-class port infrastructure, improving logistics efficiency, promoting cruise tourism, strengthening coastal shipping and creating opportunities for future generations,” Union Ports, Shipping and Waterways Minister Sarbananda Sonowal said during the event.
The investment package is expected to strengthen Mumbai Port’s infrastructure, improve cargo and cruise operations, and support the long-term growth of India’s maritime sector.
Source: The Week
