The Union Minister of Ports and Shipping announced a Rs 50.28 billion development pipeline comprising 63 projects as the Mumbai Port Authority celebrated its 154th Foundation Day. The portfolio includes seven inaugurated projects worth Rs 1.32 billion, 34 projects worth Rs 13.55 billion for which foundation stones were laid, and 22 newly announced projects valued at Rs 35.41 billion.
The initiatives span port infrastructure, waterfront development, logistics and operational efficiency, aiming to transform Mumbai Port into a modern, sustainable maritime hub. During the event, the Indira Dock operations and maintenance agreement and the Viksit Bharat Mumbai Marina agreement were also dedicated, with the government stating they will strengthen port operations, accelerate waterfront development and improve utilisation of Mumbai Port’s assets.