A MoU Exchange Ceremony took place on the eve of the “Samudra Se Samriddhi – Transforming India’s Maritime Sector” event addressed by Prime Minister Narendra Modi in which a number of projects pertaining to the maritime sector were launched. 

The MOU’s were signed on 18th September, 2025 in the presence of  Sarbananda Sonowal - Union Minister of Ports, Shipping and Waterways, Dr Mansukh Mandaviya - Union Minister of Labour & Employment, Youth Affairs & Sports, and Shantanu Thakur - Minister of State for Ports, Shipping and Waterways. 

Together, these agreements carry an investment and development potential of over Rs 66,000 crore and represent a significant collaborative commitment towards the growth of India’s maritime and shipbuilding sector.
The MoU ceremony showcased India’s integrated vision for maritime growth , covering new port infrastructure, shipping, shipbuilding clusters, global shipyard partnerships, financing mechanisms, innovative maritime investment, sustainable projects such as water metros and green tugs, as well as heritage-linked initiatives like the lighthouse museum. 

With their collective industrial, socio-economic, and strategic impact, these projects are set to re-position India as a leading global maritime and shipbuilding hub in the next decade, advancing the national resolve of an Atmanirbhar Bharat.

“Under the visionary leadership of Prime Minister Shri Narendra Modi , India’s maritime sector is undergoing a historic transformation. These initiatives reflect our commitment to building a strong, self-reliant and globally recognised maritime ecosystem. With ports, shipbuilding and sustainable projects advancing at this pace, we are steering India closer to the goal of Viksit Bharat by 2047,” said Sarbananda Sonowal.