Mormugao Port Authority to sign 24 MoUs worth Rs 3000 cr at India Maritime Week 2025

Goa Khabar:Mormugao Port Authority (MPA) will be signing 24 Memorandums of Understanding (MoU) worth Rs 3000 cr at the India Maritime Week event which is scheduled to be held at Bombay Exhibition Centre, Nesco Goregaon, Mumbai, from 27 to 31 October, said Dr N Vinodkumar, Chairperson, MPA. He was speaking at a press conference held at Panaji today, October 15, ahead of the IMW 2025.

With participation expected from over 100 countries and more than one lakh delegates and over 500 exhibitors, India Maritime Week 2025 is set to be a global catalyst for investment, innovation, and policy advancement, he said. “IMW 2025 is expected to reinforce India’s position as a key player in the global maritime ecosystem while supporting national priorities under the Maritime India Vision 2030 and the Amrit Kaal Maritime Vision 2047,” Dr Vinodkumar said, and added that the event will have over 250 global speakers attending various Country Sessions, State Sessions, and Conferences, Investors’ Roundtables and so on.

“The event is expected to create over Rs 10 lakh crore investment opportunities. Mormugao Port Authority will be signing 24 MoUs worth Rs 3000 cr at the event which will include renovation of some berths and solar projects at the Port. Besides, Goa will hold a State Session at the event on the 27^th projecting the maritime prospects of the State,” he said.

Stating that India the country was poised to become a superpower in the maritime sector by 2047, the Chairman said that Mormugao Port would also witness several developments in the coming years. “As part of the overall development of the maritime sector in the country, Mormugao Port is expected to host container vessels in a month or two. The feeder vessels will be arriving from Mumbai and will be connected to Mundra Port in Gujarat. The MPA is already a green port as we are producing 3 MW power through our in-house solar power plant which is taking care 100 percent of our consumption. However, we are going ahead with another project of solar plant to produce 2 MW power as we will be requiring more power once the new cruise terminal is functional,” he said.

The MPA has been declared the first green port in the country under the Green Port Certification Programme. The accreditation was granted by the Centre of Excellence on Environmental, Social and Governance and Circularity, Mumbai. The Port is also preparing to become a smart port, introducing technologies like 5G to enhance operations and communication, he said.

Shri Vinayak Rao, Deputy Chairperson, MPA was also present at the press conference.

MPA would showcase its modernization journey, cargo handling capabilities, cruise terminal development, and sustainability initiatives at a dedicated pavilion within the IMW-2025 venue. The state’s evolving maritime infrastructure will be prominently featured, reinforcing Goa’s role in national maritime growth.

India Maritime Week 2025, the flagship event of the Ministry of Ports, Shipping and Waterways, serves as a dynamic platform to showcase the latest advancements in maritime technology, port development, logistics, and sustainability. The summit aims to foster collaboration, drive innovation, and strengthen international partnerships to shape the future of India’s maritime sector and its role in global trade and blue economy growth.

The five-day event will bring together global leaders, policymakers, investors, and industry stakeholders for thematic sessions and high-level dialogues, all focused on India’s maritime transformation.

Prime Minister Shri Narendra Modi is also expected to attend the IMW 2025, where he will deliver the keynote address at the Global Maritime CEO Forum.

MPA is giving wide publicity to IMW-2025 across Goa, to apprise the general public about the upcoming mega event. The Port is also stimulating its stakeholders for participation in the mega event in Mumbai. In September 2025, the MPA had organized a Mega Roadshow in Panaji as a curtain-raiser to the IMW 2025, which was attended by Dr. Pramod Sawant, Hon’ble Chief Minister of Goa and Shri Mauvin Godinho, Minister for Transport, Industries, Trade and Commerce, Goa.