Odisha inks Rs 50,000 crore maritime investments, targets 500 million-tonne port capacity by 2047

Odisha projected its long-term maritime roadmap at India Maritime Week 2025 in Mumbai, unveiling investment commitments worth Rs 50,000 crore and outlining plans to expand its total port handling capacity to 500 million tonnes by 2047.

Chief Minister Mohan Charan Majhi said the State was committed to building a strong port-led and port-based economy that will drive India’s growth journey for the next 25 years.

He highlighted that Odisha’s coastline, stretching over 480 km, positions it as the gateway to eastern trade.

The state aims to enhance port capacity to 500 million tonnes per annum by 2047 through the development of 14 non-major ports and two transformational projects, including the Bahuda Port in Ganjam district and the Shipbuilding Cluster at the Mahanadi mouth in Kendrapara, said the CM.

Major Investments And MoUs Signed

At the event, the Odisha government inked nine key Memorandums of Understanding (MoUs) and showcased additional investment proposals across the maritime and industrial ecosystem.
Among the major agreements were:

• Bahuda Satellite Port, Ganjam: Rs 21,500 crore project between Paradip Port Authority (PPA), Odisha Maritime Board (OMB), and Sagarmala Finance Corporation Ltd.
• Mega Shipbuilding Cluster, Kendrapara: Rs 22,700 crore investment between PPA and OMB to establish a national shipbuilding hub.
• International Cruise Terminal, Puri: Rs 500 crore pact between PPA and OMB.
• Cruise Terminal Development: Rs 500 crore MoU between the Commerce & Transport Department and the Indian Ports Association.
• Operationalisation of National Waterway-5 (NW-5): Agreement between Inland Waterways Authority of India, PPA, OMB, and Ministry of Coal to improve mineral and cargo movement.
• Academic and Infrastructure Partnerships: MoUs between Berhampur University and Indian Maritime University for research cooperation, and between OMB and IPRCL for maritime museum development and a four-lane port road.

Two major private proposals were also showcased, including Reliance Consumer Ltd’s Rs 938 crore manufacturing facility at Khordha, and Jain Metals’ Rs 2,100 crore titanium plant in Ganjam district.

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It is worth noting that the India Maritime Week 2025, held from October 27 to 31 at the NESCO Exhibition Centre in Mumbai, featured over 500 participants from 100 countries, including policymakers, industry leaders, and investors. The event highlighted India’s Rs 10-lakh-crore maritime investment pipeline.