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The Syama Prasad Mookerjee Port (SMP) in Kolkata has secured more than INR 48,000 crore in strategic investment commitments through multiple partnerships signed during India Maritime Week 2025 in Mumbai. The agreements cover a range of projects, including new container terminals, riverfront development, dredging operations, and industrial infrastructure expansion. Major companies such as Haldia Petrochemicals, Adani Ports, JSW Infrastructure, Dredging Corporation of India, and UltraTech Cement have committed significant investments aimed at enhancing port capacity, connectivity, and economic growth in eastern India.
The Syama Prasad Mookerjee Port (SMP), Kolkata, has received over INR 48,000 crore in investment commitments through a series of Memorandums of Understanding (MoUs) signed during India Maritime Week 2025 held in Mumbai. The event, organised by the Ministry of Ports, Shipping and Waterways, brought together major industry players to collaborate on long-term infrastructure and development projects. Advertisement
Among the key agreements, SMP partnered with the Dredging Corporation of India Ltd (DCIL) for extended dredging operations, and with Haldia Petrochemicals Ltd for the development of a tank-farm and petroleum, oil, and lubricant (POL) handling infrastructure at Haldia Dock. The port also entered into partnerships with Adani Ports and Special Economic Zone Ltd, JSW Infrastructure Ltd, and Century Ports & Harbours Ltd to develop new container terminals under a public-private partnership (PPP) model.
UltraTech Cement Ltd will set up a captive cement bulk terminal at the Kolkata dock, while real estate developers Srijan Real Estate & Infrastructure Pvt Ltd and Eden Realtors Ltd will take up riverfront development projects on port-owned land.
SMP Chairman Rathendra Raman said that the partnerships reflect the port's efforts to build a modern and efficient maritime ecosystem aimed at enhancing trade capacity, attracting global investments, and promoting sustainable regional growth.
Deputy Chairman Samrat Rahi stated that the largest investment commitment came from Haldia Petrochemicals, which pledged around INR 10,000 crore, followed by DCIL with INR 5,000 crore. He added that Srijan Realty Pvt Ltd and HUDCO committed INR 3,000 crore each, while Ripley signed for INR 2,500 crore and Adani Ports for INR 2,000 crore. Additional commitments included INR 1,500 crore each from JSW Infrastructure and IPRCL, and INR 1,000 crore from Century Ports. A partnership with Tata Steel was also mentioned, though the investment details remain confidential.
This round of partnerships is expected to accelerate Kolkata Port's transformation into a key maritime and logistics hub, supporting India's broader port modernization initiatives.
Source PTI
5th Jun, 2025
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