At the India Maritime Week conclave in Mumbai, Odisha’s government signed multiple memoranda of understanding (MoUs) valued at Rs 50,000 crore across various sectors such as shipbuilding, port modernisation, green hydrogen, and business development.

Chief Minister Mohan Charan Majhi emphasized Odisha’s strategic position on India’s eastern coast as an emerging maritime hub. The agreements include a Rs 21,500 crore investment for Bahuda Port and Rs 22,700 crore for a National Mega Ship Building Cluster. Additionally, MoUs were signed for the development of cruise terminals, scientific cooperation with educational institutions, and a range of infrastructure projects.

Odisha’s growing port capacity, with a projected 500 million tonne handling capacity annually, is set to transform its coastal economy and global trade linkages. Major corporate investments include proposals from Reliance Consumer and Jain Metals for new manufacturing facilities.