Odisha’s Paradip port targets Rs 1,000,000,000,000 investments; govt announces shipbuilding hub, trade port

Odisha is eyeing a significant push in port-led industrialisation with investments worth around Rs 1 lakh crore to accelerate the state’s growth trajectory under the Purvodaya vision and Viksit Odisha roadmap, said Industries Minister Sampad Chandra Swain during a press conference on Friday.

The minister said the government is focusing on leveraging the state’s long coastline and strategic location to attract large-scale investment across sectors linked to ports and maritime trade, ahead of the five-day Indian Maritime Week event to be held between October 27 and 31 at Mumbai, reported The New Indian Express.

While investment agreements worth Rs 10 lakh crore are expected nationally during the Mumbai event, Odisha aims to secure around Rs 1 lakh crore, with Paradip at the centre of the plan.

To sustain this momentum, the government is expanding port infrastructure, building manufacturing capacity, and promoting new maritime hubs. Priority projects include greenfield ports at Astaranga, Subarnarekha, and Bahuda in Ganjam district, along with a shipbuilding and ship repair facility in Kendrapara.

New Greenfield Port At Bahuda

A major addition to the state’s maritime network will be the deep-sea port at Bahuda in Ganjam, planned with an investment of Rs 21,500 crore.

The project will be developed over approximately 5,000 acres and is designed to function as a satellite port of Paradip. Once completed, it is expected to handle 150 million tonnes of cargo annually, significantly increasing Odisha’s trade capacity.

The Bahuda facility will be the second port in Ganjam district after Gopalpur, further consolidating the state’s coastal assets. Authorities said the project will enhance connectivity, reduce logistical costs, and strengthen Odisha’s position as a maritime hub in eastern India.

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Shipbuilding cluster in Kendrapara

In a parallel development, the Odisha Maritime Board and Paradip Port Authority have entered into an agreement to establish a large-scale shipbuilding cluster in Kendrapara with an investment of Rs 24,700 crore.

The project will cover about 2,000 to 2,500 acres on the banks of the Mahanadi River and include one or more shipyards with a combined capacity of up to 1.2 million gross tonnage annually.