New Mangalore Port Authority (NMPA) Chairman A.V. Ramana (right) and Mangalore Refinery and Petrochemicals Limited (MRPL) Finance Director and Chief Finance Officer Devendra Kumar exchanging a memorandum of understanding in the presence of Shipping Minister Sarbananda Sonowal at the India Maritime Week 2025 on Tuesday (October 28) in Mumbai.
| Photo Credit: Special Arrangement
New Mangalore Port Authority (NMPA) signed 18 MoUs worth ₹52,599 crore with key industry leaders — including Mangalore Refinery and Petrochemicals Limited, Aegis Vopak, Reliance, Hindustan Petroleum Corporation Limited, Gail Mangalore Petrochemicals Limited, and Indian Port Rail & Ropeway Corporation Limited on Day 2 of India Maritime Week 2025 at Mumbai on Tuesday (October 28).
A release here said NMPA, celebrating its Golden Jubilee Year, made a strong mark at India Maritime Week 2025 as a Platinum Sponsor, highlighting its contributions to India’s blue economy.
During the Karnataka Session on ‘Exploring PPP Synergies for a Sustainable Blue Economy’, NMPA Chairman A.V. Ramana emphasised on the evolution of PPP models that have transformed port operations through innovation, efficiency and sustainability. He highlighted NMPA’s successful PPP projects, including mechanised terminals and the multi-speciality hospital built under the PPP model — a first among Indian ports.
Later, chairing the session on ‘Passenger Experience, Sustainability & Policy Framework’ in the Cruise Tourism segment, Mr. Ramana discussed India’s growing cruise potential and the need for seamless passenger experiences, digitalisation, shore-power adoption and green tourism infrastructure.
During his visit to the NMPA Pavilion, Karnataka Minister for Ports and Fisheries Mankal Vaidya noted that NMPA’s profitability has quadrupled between 2019 and 2025, making it one of India’s most efficient and sustainable ports.
India Maritime Week 2025 continues till October 31, hosting over 100 thematic sessions, ministerial dialogues, and state-led showcases, reaffirming India’s commitment to sustainable growth under the Maritime Amrit Kaal Vision 2047.
Published – October 28, 2025 08:00 pm IST
