M Angamuthu, Chairperson, Mumbai Port Authority

Mumbai Port Authority (MPA), on Thursday, signed a contract with Larsen & Toubro to construct a marina for yachts to boost leisure and tourism in the city.

 The authority also signed agreements with J M Baxi Ports & Logistics and M Dinshaw & Co for operations and maintenance of 21 berths at Indira Docks.

The O&M contracts are expected to improve cargo handling with deployment of modern handling equipment and provide a sustainable source of revenue for the port. Over the next ten years the port expects to earn ₹987 crore in revenue from the two private operators. 

The agreements were signed in the presence of union minister of ports, shipping and waterways Sarbananda Sonowal on the port’s 154^th foundation day. 

Speaking on the occasion, MPA Chairman M Angamuthu said the authority will develop the country’s first global standard marina which will serve as an attraction not just for rich and famous but also ordinary citizens. The facility will be called Viksit Bharat Mumbai Marina and will be developed at an estimated cost of ₹470 crore. 

In all new projects worth over  ₹3,500 crore were announced on Thursday to improve port’s capacity and increase revenue. These include a new crude oil berth, offshore infrastructure, rail link, and waterfront development among others.  

MPA is the country’s leading port for bulk liquid, iron and steel cargo. Last fiscal the port handled 75.15 million tonnes of cargo accounting for 8 per cent of traffic among India’s major ports. 

To expand liquid bulk cargo handling capacity, a sixth berth is being planned at the cost of ₹800 crore. This will expand the port’s capacity to handle crude oil and petroleum tankers supporting the country’s energy security and future cargo growth. Other projects include an integrated operations tower, road and rail lines among others.

In his address, Sonowal referred to Prime Minister Narendra Modi’s vision for port-led growth. The minister said  Mumbai Port occupies a special place in India’s maritime journey and is creating new opportunities for investment, tourism, logistics and energy security. 

Published on June 25, 2026