HUDCO Commits ₹1.1 Lakh Crore for Port Infrastructure Development

Kokila Chokkanathan
The Housing and Urban Development Corporation Ltd. (HUDCO), a Navratna NBFC-IFC, has taken a major step to enhance India’s port infrastructure. During the ongoing Maritime Week 2025 in Mumbai, HUDCO signed six Memoranda of Understanding (MoUs) with leading port authorities to finance projects worth ₹1.1 lakh crore over the next decade.

Details of the MoUs

· Number of MoUs Signed: 6

· Partners: Major port authorities across India

· Sector Focus: Port infrastructure development

· Investment Value: ₹1.1 lakh crore

· Timeline: Projects to be executed over the next 10 years

The agreements aim to modernize port facilities, enhance cargo handling capacity, and improve overall logistics efficiency.

Strategic Importance

· Boost to Maritime Sector: Strengthening India’s position as a global maritime hub

· Economic Impact: Expected to create employment opportunities and attract private investments

· Trade Enhancement: Improved ports will facilitate faster and more efficient import-export operations

· Sustainable Development: Projects will include green and technology-driven initiatives to optimize port operations

HUDCO’s Role

As a Navratna NBFC-IFC, HUDCO will:

· Provide financial backing for large-scale port infrastructure projects

· Collaborate with government and private stakeholders

· Ensure long-term project viability through structured financing models

Expected Outcomes

· Expansion of port capacity and modernization of terminals

· Integration of digital and automation technologies

· Strengthened logistics and supply chain efficiency for indian trade

· Contribution to India’s Make in india and Sagarmala initiatives

Conclusion

With this ₹1.1 lakh crore commitment, HUDCO is playing a pivotal role in transforming India’s port infrastructure. The signed MoUs signal a decade-long vision to boost trade, enhance connectivity, and strengthen the maritime economy, positioning india as a leading player in global shipping and logistics.

 

Disclaimer:

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