VPA seals investment pacts worth ₹39,216 crore at India Maritime Week 2025

Visakhapatnam Port Authority (VPA) has announced a series of investment agreements worth ₹39,216 crore during the India Maritime Week 2025 (IMW-2025), held in Mumbai till October 31. The pacts reflect India’s growing maritime ambitions and attracted participation from delegates representing over 100 countries.

A key highlight was the signing of a major MoU with the Government of Andhra Pradesh for the development of a port-cum-shipbuilding and repair cluster at Dugarajapatnam, involving an investment of ₹29,662 crore. The project aims to generate large-scale employment, promote self-reliance under the Make in India initiative, and establish advanced infrastructure for the maritime and shipbuilding sectors. HD Korean Shipbuilders also held discussions with VPA and state officials on the project’s technical framework.

Other notable partnerships include an MoU with MECON India worth ₹3,000 crore for developing stack yards and railway sidings to enhance multimodal logistics; with NBCC for a ₹500 crore self-financed plan to monetise underutilised Harbour Park land; with HUDCO (₹487.38 crore) for mechanising cargo berths using advanced and eco-friendly technologies; and with Rail Vikas Nigam Ltd. (RVNL) for ₹535 crore towards constructing internal flyovers within the port area.

VPA also unveiled an extensive land monetisation programme to attract new investments and optimise asset utilisation. These initiatives are closely aligned with the National Logistics Policy, Maritime India Vision 2030, and India’s Net Zero 2047 commitments — focusing on sustainability, clean fuels, blue economy development, and green shipping.

IMW-2025 reaffirmed India’s determination to emerge as a global maritime hub by driving innovation, strengthening infrastructure, and fostering international collaboration for sustainable ocean growth and regional prosperity.