Team siliconindia

• Odisha signs nine MoUs worth Rs 50,000 crore in maritime and blue economy sectors
• Projects include new ports, shipbuilding cluster, cruise terminals, and waterway development
• CM Mohan Charan Majhi unveils plan to boost port capacity to 500 million tonnes by 2047

Odisha showcased its maritime strength and blue economy potential at the India Maritime Week (IMW) 2025 in Mumbai, signing nine Memoranda of Understanding (MoUs) worth Rs 50,000 crore. The agreements aim to drive large-scale investments in ports, shipbuilding, logistics, and inland waterways, reinforcing the state’s position as a maritime hub on India’s east coast.

The MoUs were signed in the presence of Chief Minister Mohan Charan Majhi, who reaffirmed Odisha’s vision to build a strong port-led economy. “Our goal is to transform Odisha’s ports into engines of trade, industry, and employment”, Majhi said during the event hosted by the Ministry of Ports, Shipping and Waterways and the Indian Ports Association.

Key projects include Rs 22,700 crore mega shipbuilding cluster at Kendrapara by the Paradip Port Authority (PPA) and Odisha Maritime Board (OMB), and Rs 21,500 crore all-weather satellite port at Bahuda Muhana in Ganjam district. The state will also develop cruise terminals at Puri and Paradip, each worth Rs 500 crore.

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The MoU was also signed with the Inland Waterways Authority of India and Ministry of Coal for operationalizing National Waterway-5, opening new routes for cargo transport. Additionally, Berhampur University and Indian Maritime University will collaborate on education, research, and a proposed maritime museum.

Majhi invited investors to explore Odisha’s growing maritime ecosystem, emphasizing policy stability, infrastructure readiness, and private sector partnerships.