MoUs Worth Rs 55,000 Cr Signed to Boost Green Shipping, Port Expansion & Global Maritime Partnerships

India set sail towards a green and global maritime future as the Ministry of Ports, Shipping and Waterways (MoPSW) led Day 1 of India Maritime Week 2025, signing landmark MoUs worth Rs 55,000 crore with leading Indian and international companies. Key signatories included Adani Ports and SEZ Ltd., JSW Infrastructure Ltd., Chowgule & Co. Pvt. Ltd., Synergy Shipbuilders & Dock Ltd., Goa Shipyard Ltd., Abu Dhabi Ports Group, and Echandia Marine AB. These partnerships aim to advance port expansion, shipyard infrastructure, skill development, and green shipbuilding initiatives.

Union Minister Shri Sarbananda Sonowal said that the agreements reflect India’s integrated approach to building a clean, connected, and globally competitive maritime future. Minister of State Shri Shantanu Thakur added that India Maritime Week 2025 showcases how global partnerships and local innovation are shaping the maritime vision for Viksit Bharat 2047.

A key highlight was the signing of a Maritime Cooperation MoU between India and the Netherlands, along with a Letter of Intent to establish a Green and Digital Sea Corridor connecting Indian ports with the Port of Rotterdam. The collaboration will promote clean fuels such as hydrogen, ammonia, and methanol, and enhance digital port operations and logistics innovation, marking a major step toward maritime decarbonisation and sustainable connectivity.

Other significant MoUs included an MoU between Invest International and Indian Bank & ICICI Bank for cooperation in maritime financing; an MoU exchange between Dutch Climate Fund Managers and their Indian counterpart regarding India’s Maritime Development Fund; an MoU between MARIN (Maritime Research Institute Netherlands) and the National Centre of Excellence for Green Ports and Shipping for joint research on green shipping technologies; and an MoU between the Port of Rotterdam and the Deendayal Port Authority (Kandla Port) for institutional cooperation and digital knowledge exchange.

Also, a Dutch-funded market study titled “Indian Ports: Enabling Smart and Sustainable Port Development” by KPMG was launched, highlighting pathways for green and digital port transformation across India.