Mumbai Port Authority Unveils 5028 Crore Waterfront Development Plan

63 New Projects Set to Boost Mumbai's Maritime Economy, Tourism, and Cargo Operations

The Mumbai Port Authority (MbPA) has announced a major investment plan worth ₹5,028.17 crore to modernize port operations, expand waterfront tourism, improve cargo handling, and strengthen India's maritime infrastructure. The announcement was made during the port's 154th Foundation Day celebration, where officials unveiled 63 development projects that are expected to reshape Mumbai Port over the coming decade.

The large-scale development plan focuses on building modern port facilities, attracting tourism, creating employment opportunities, and improving transportation through better maritime services.

Mumbai Port Authority Launches 63 Development Projects

The ₹5,028.17 crore investment package includes projects at different stages of development:

• 7 completed projects worth ₹132.29 crore
• 34 new projects worth ₹1,354.59 crore, where foundation stones have already been laid
• 22 upcoming projects worth ₹3,541.29 crore, currently under planning, design, or tendering

The Foundation Day event was attended by Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal, senior government officials, shipping industry leaders, and trade representatives.

Major Upgrade Planned for Indira Dock Operations

One of the biggest announcements was the modernization of 10 berths at Indira Dock through private operations. The project is expected to generate nearly ₹770 crore in revenue for Mumbai Port Authority over the next ten years.

Under the agreement, MbPA will continue to own the dock infrastructure, while JM Baxi Ports and Logistics will manage cargo handling operations. The partnership aims to improve operational efficiency, increase cargo movement, and strengthen the port's overall performance.

Mumbai Marina Project to Create a New Waterfront Destination

A key highlight of the development plan is the proposed Mumbai Marina at Princes' Dock, with an estimated investment of ₹470 crore.

The marina will provide world-class facilities for yachts and leisure boats while creating a new waterfront attraction for both tourists and local residents. During the event, Mumbai Port Authority signed an agreement with L&T to move the project forward.

Officials believe the marina will open new opportunities for marine tourism and help position Mumbai as an international waterfront destination.

Dedicated Yacht Bay to Expand Marine Tourism

Along with the marina, MbPA also announced a ₹3.6 crore Yacht Bay Project that will offer docking and support facilities for private yachts.

The new facility is expected to promote leisure boating activities and create an additional source of revenue for the port through marine tourism.

Mumbai Port Expands Focus Beyond Cargo Business

Speaking during the event, MbPA Chairperson Dr. M. Angamuthu said the port is evolving from a traditional cargo hub into a complete maritime ecosystem.

According to him, the authority is investing not only in shipping and logistics but also in tourism, waterfront development, shipbuilding, passenger transport, and skill development.

He noted that Mumbai Port currently serves nearly 100,000 ferry passengers every day and handles more than 10 million passengers annually through its water transport services. The authority aims to increase this number to over 30 million passengers within the next decade.

India's First Global-Standard Marina Planned for Mumbai

Dr. Angamuthu also shared plans to build India's first global-standard marina, designed not only for yacht owners but also for ordinary citizens and families.

He said the project will make Mumbai's waterfront more accessible, allowing residents and visitors to enjoy recreational spaces, boating activities, and public attractions along the harbor.

Eastern Waterfront to Become a New Public Attraction

As part of its long-term vision, Mumbai Port Authority is also working on developing the city's Eastern Waterfront into a vibrant public destination.

The plan includes creating parks, open recreational spaces, and family-friendly attractions that will provide an alternative to popular locations like Marine Drive.

Officials believe the redevelopment will improve public access to the waterfront while encouraging tourism and community activities.

Skill Development to Create New Maritime Jobs

Another important part of the investment strategy is workforce development.

Mumbai Port Authority plans to train more than 10,000 people every year with industry-focused maritime skills. The initiative is expected to prepare young professionals for careers in shipping, logistics, port operations, tourism, and other marine industries while supporting employment growth.

Union Minister Highlights Mumbai Port's Growing Importance

Addressing the gathering, Union Minister Sarbananda Sonowal said Mumbai Port has played a vital role in making Mumbai India's financial and commercial capital.

He added that the latest investment plan will strengthen the country's maritime sector by creating new opportunities in logistics, tourism, infrastructure, and energy.

The minister also highlighted several ongoing projects, including the International Cruise Terminal, ferry jetty developments, Jawahar Dweep reclamation, and various energy infrastructure initiatives that will further improve the port's capabilities.

Foundation Day Celebrates Future Growth

The 154th Foundation Day celebration was organized under the theme "Together We Can." During the event, Mumbai Port Authority exchanged agreements related to the Indira Dock Operations and Maintenance Project and the Mumbai Marina Development Project.

The ceremony also recognized employees, sports achievers, and industry partners with awards. Guests watched a documentary showcasing Mumbai Port's history and a special presentation celebrating 100 years of the Mumbai Port Sports Club.

₹5,028 Crore Investment to Shape Mumbai Port's Next Decade

With investments spread across cargo modernization, tourism, passenger transport, waterfront development, and skill training, Mumbai Port Authority's ₹5,028.17 crore development plan represents one of its largest infrastructure initiatives in recent years.

Officials believe these projects will improve port efficiency, increase tourism, generate employment, expand maritime services, and transform Mumbai's waterfront into a modern destination that supports economic growth for years to come.