Paradip Port signs 27 MoUs worth Rs. 27,450 Cr. for development of various projects


Bhubaneswar : Paradip Port, the 2nd largest Major Port in terms of cargo handling has executed 27 Nos. of Memorandum of Understanding (MoU) with various stakeholders to further enhance the economic growth of the State of Odisha and the country as a whole under the Maritime India Summit (MIS) 2021. The MoUs were signed on behalf of PPT by respective HoDs and Sr. Officials and Sr. officials of representing organisations in presence of Vinit Kumar, Chairman and A.K. Bose, Dy. Chairman, PPT.

Out of the 27 MoUs, 15 nos. worth Rs.3,878.81 Crs. under the category of Projects for development of World Class Port, 2 in Coastal Shipping Hinterland connectivity and Multimodal Logistics Park worth Rs.355 Crs., 2 in Port infrastructures focusing on Liquid Cargo worth Rs.5,382.64 Crs., 4 in Port Led Industrialization worth Rs.16,218 Crs. and 4 under the category of Promoting Cargo and Passenger Movement and Seaplane Tourism worth Rs.1,616 Crs.

Addressing the Press Meet over video conferencing, Chairman, PPT appealed everyone to make the Mega International Event a grand success. He shared with the Press the details about the upcoming sessions and process of registration to participate in the Summit. Moreover, there will be a Special Session on “Investment Opportunities in Odisha” on March 3, 2021, from 1230 Hrs to 1400 Hrs in which Hon’ble in which Hon’ble Commerce & Transport Minister of Odisha, Shri Padmanabha Behera will chair the session, which will be also attended by senior State Officials of the Govt. of Odisha and Heads of leading industries on virtual mode.

The Union Ministry of Ports, Shipping & Waterways will conduct the MIS from March 2 – 4, 2021.


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