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Deendayal Port Trust to sign MoUs worth Rs 3,824 cr

Friday, 19 Feb 2021
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The Deendayal Port Trust, one of the 12 major ports in the country, will sign 15 memoranda of understanding (MoUs) for an estimated investment of Rs 3,823.70 crore at Maritime India Summit in March 2021.

Prime Minister Narendra Modi is scheduled to inaugurate Maritime India Summit 2021 (MIS 2021) on 2 March 2021, which will be held virtually and is likely to be participated by 24 nations.

The pacts will focus on attracting investment, skilling and generating employment in the sector. These MoUs will be majorly signed between DPT and the Indian Oil Corporation (IOCL), EMAMI and AEGIS Power Supply.

An MoU will also be signed with the Timber Association to develop furniture park and Coast Guard Jetty.

Apart from these, DPT will also sign MoUs for greenery of the port area and construction as well. The Ministry of Ports, Shipping and Waterways is also in the process of finalising more than 44 MoUs to be signed in conjunction with the summit. These MoUs will be signed with different coastal states and stakeholders of the sector.

MIS 2021 will provide a unique platform that will have a physical and virtual presence of prominent shipping and transport ministers/dignitaries from across the world. This will be the second edition of MIS.

Maritime states of India will participate in the summit through dedicated sessions.

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