India Maritime Week 2025: Goa's Mormugao Port eyes Rs 3,000 crore investment amid expansion plans

The Mormugao Port Authority (MPA) on Wednesday announced it would be signing 24 Memorandums of Understanding (MoUs) worth Rs 3,000 crores at the India Maritime Week in Mumbai.

According to MPA chairman N. Vinodkumar, this comes as the authority behind the Goa-based Mormugao Port plans to increase its annual capacity from 65 million tonnes to 100 million tonnes, over the next ten years.

He added that plans to redevelop Berth No. 9 (an iron ore mechanical berth) were also in the pipeline. Vinodkumar explained that it would be transformed into a 350-metre-long iron ore and general cargo berth, because a mining ban on iron ore had led the mechanical ore-handling plant to be decommissioned.

Once up and running, the port would be able to cater to larger vessels, he said, adding that the Mormugao Port's draft depth would also be increased from 14m to 19m.

IMW 2025, scheduled to take place from October 27-31, is expected to reinforce India's influence in the global maritime ecosystem. Vinodkumar also added that the Mumbai-based event would also be vital for India's priorities under the Maritime India Vision 2030 and the Amrit Kaal Maritime Vision 2047.

The event will have over 250 global speakers attending various country sessions, state sessions, and conferences, investors' roundtables and so on. 

"The event is expected to create over Rs 10 lakh crore investment opportunities," Vinodkumar pointed out.

PM Narendra Modi is also expected to attend the IMW 2025, where he will deliver the keynote address at the Global Maritime CEO Forum. The five-day event will bring together global leaders, policymakers, investors, and industry stakeholders for seminars and high-level discussions, all focused on India's maritime transformation to a superpower by 2047.

Maritime