HUDCO (Housing and Urban Development Corporation Limited) has announced two significant partnerships during India Maritime Week 2025, marking a substantial leap in maritime infrastructure development.

Major Partnerships

HUDCO has entered into two key Memorandums of Understanding (MoUs):

1. Partnership with Sagarmala Finance Corporation Limited (SMFCL):

   • Aim: To explore collaboration for joint financing in various maritime and coastal infrastructure projects.
   • Estimated project value: Approximately ₹80,000.00 crore over the MoU period.

2. Partnership with Syama Prasad Mookerjee Port, Kolkata (SMPA):

   • Aim: To provide funds for new projects and refinancing of existing projects.
   • Funding commitment: Up to ₹3,000.00 crore.

Scope of Collaborations

The partnerships encompass a wide range of maritime infrastructure development areas:

• Maritime and coastal infrastructure projects including ports, harbors, and terminals
• Development of Inland Water Transport infrastructure
• Renewable and green energy initiatives in maritime zones
• Support for shipbuilding and ship repair infrastructure
• Development of logistics and multi-modal infrastructure

Additional Partnerships

HUDCO has also signed MoUs with other major ports:

• Paradip Port Authority (PPA): Exploring funding up to ₹5,100.00 crore for new projects and refinancing.
• Visakhapatnam Port Authority (VPA): Potential funding up to ₹487.00 crore for development and modernization projects.
• Mumbai Port Authority (MbPA): Collaboration for developing a "Maritime Iconic Structure" in Mumbai.

Significance of the Partnerships

These partnerships represent a significant step towards enhancing India's maritime infrastructure. By leveraging HUDCO's financial expertise and the ports' operational knowledge, these collaborations aim to accelerate the development of critical maritime projects across the country.

The agreements signed during India Maritime Week 2025 underscore the government's commitment to strengthening the country's maritime sector, which is crucial for economic growth and trade facilitation.

Conclusion

HUDCO's strategic partnerships, totaling potential investments of over ₹83,000.00 crore, mark a significant milestone in India's maritime infrastructure development. These collaborations are expected to play a pivotal role in modernizing and expanding the country's port infrastructure, potentially boosting trade capabilities and economic growth in the coming years.

Housing and Urban Development Corporation Limited (HUDCO), a Navratna CPSE, has made significant strides in maritime infrastructure development and educational collaboration, as revealed in its latest corporate announcements.

Maritime Infrastructure Agreements

HUDCO has entered into multiple non-binding Memorandums of Understanding (MoUs) during the ongoing "India Maritime Week 2025," signaling a major push towards port infrastructure development:

1. Paradip Port Authority (PPA) Agreement: HUDCO will explore providing funds up to ₹51.00 billion for new projects and refinancing of existing projects at Paradip Port, Odisha.

2. Visakhapatnam Port Authority (VPA) Agreement: The corporation has committed to explore funding up to ₹4.87 billion for new projects and refinancing/take-out of existing projects at Visakhapatnam Port.

3. Mumbai Port Authority (MbPA) Agreement: HUDCO will collaborate on developing a "Maritime Iconic Structure" in Mumbai, which aims to house port and shipping-related offices while serving as a tourist attraction.

Key Project Details

Paradip Port Authority (PPA)

• Focus: Development, modernization, and upgradation of port and allied infrastructure
• Implementation: Direct or through PPP mode
• Additional Activities: Joint conferences and workshops for capacity building

Visakhapatnam Port Authority (VPA)

• Specific Projects:
  • Mechanization of West Quay berths WQ-1, 2 & 3 (PPP mode, 1 MMTPA capacity, estimated cost: ₹2.50 billion)
  • Operation and Maintenance of EQ-10 Berth (1.84 MMTPA capacity, estimated cost: ₹0.55 billion)
  • Operation and Maintenance of EQ-3 & EQ-4 Berths (1.5 MMTPA capacity, estimated cost: ₹1.82 billion)

Mumbai Port Authority (MbPA)

• Project: Development of a "Maritime Iconic Structure"
• HUDCO's Role: Planning, designing, financing, and execution
• Additional Features:
  • Designed as a premier tourist attraction
  • Celebration of India's maritime heritage
  • Incorporation of sustainable and smart infrastructure principles

Educational Collaboration

In addition to its maritime initiatives, HUDCO has signed a separate MoU with the Indian Institute of Management, Calcutta (IIMC) on October 28, 2025. This collaboration aims to:

• Undertake exchanges and joint activities in training, education, research, and capacity building
• Develop certificate courses, consultancy services, and fee-based projects
• Focus on areas such as urban management, governance, municipal finance, and infrastructure financing

The MoU with IIMC is set for a three-year period and includes plans for short-duration programs, applied research, and knowledge exchange through conferences and workshops.

Conclusion

These agreements demonstrate HUDCO's commitment to enhancing India's maritime infrastructure and urban development expertise. By partnering with major port authorities and a premier educational institution, HUDCO is positioning itself at the forefront of infrastructure financing and knowledge dissemination in the urban and maritime sectors.

As these MoUs are non-binding, the actual implementation and financial commitments will depend on further agreements and project-specific details. However, they represent a significant step towards modernizing India's port infrastructure and fostering expertise in urban management and development.