6 months ago
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The Cochin Port Authority (CPA) has signed 10 memorandums of knowing (MoUs) for projects worthy astir ₹10,000 crore during the five-day India Maritime Week 2025 that concluded successful Mumbai connected Friday (October 31, 2025).
The MoUs see 2 signed with Cochin Shipyard Limited (CSL). One of them, the largest among the lot, is connected a ₹3,800-crore infrastructure improvement task conceived to physique a artifact fabrication installation successful collaboration with HD Korea Shipbuilding & Offshore Engineering. The CPA and CSL besides signed an MoU worthy ₹1,500 crore to acceptable up an planetary vessel repair facility. Another large MoU was signed with IGTPL DP World to heighten handling facilities astatine the International Container Transshipment Terminal astatine Vallarpadam astatine a outgo of ₹1,500 crore.
The CPA signed an MoU with the Dredging Corporation of India to transportation retired dredging for the attraction of channels and basins astatine the Cochin port. The task is estimated to outgo ₹800 crore.
The remaining MoUs were signed with Bharat Petroleum Corporation Limited, Fertilisers and Chemicals Travancore Limited, Essar Ports, Greenix Experiences Private Limited and Cisternina Logistics Pvt. Ltd. The projected projects see improvement of LNG bunkering facility, cruise tourism infrastructure, and capableness augmentation.
Sources successful the CPA said that the execution of each the projects was acceptable to commencement astatine the earliest connected completion of the indispensable procedures. Of the 10 MoUs, six were signed with nominated nationalist assemblage undertakings. The projects person been exempted from tender procedures. Formalities to commencement tender procedures for the remaining projects are astir complete, and the process volition beryllium initiated soon, the sources said. The MoUs are non-binding, but the entities who signed the documents are expected to drawback the deals done bidding, it is learnt.
