MoUs signed to boost port-led industrialisation, green fuels: VOC Port Authority Chairman

MUMBAI: The V O Chidambaranar Port Authority (VOCPA), Tuticorin, has signed Memoranda of Understanding (MoUs) focused on port-led industrialisation, green hydrogen and green fuels, as well as advancing the use of artificial intelligence in their port operations.

Highlighting the port’s growing investment potential, VOCPA Chairman Shri Susanta Kumar Purohit said that the authority has so far signed about 28 MoUs with various stakeholders, reinforcing its commitment to expanding maritime trade and infrastructure development.

“We have signed about 28 MoUs with various stakeholders so far, amounting to a total investment of Rs 1.27 thousand crore. These agreements focus on port-led industrialisation, green hydrogen and green fuels, as well as advancing the use of artificial intelligence in our port operations. In the award ceremony, VOC Port got ‘Green Visionary’ which shows Port’s commitment to green initiatives,” VOC Port Authority Chairman, Susanta Kumar Purohit, said, on the sidelines of India Maritime Week 2025,.

He said a lot of investment will come in our port areas and create on jobs.

Earlier, on October 30, Union Minister for Ports, Shipping, and Waterways Shri Sarbananda Sonowal announced the signing of 23 Memoranda of Understanding (MoUs) worth over Rs 1.50 lakh crore at the India Maritime Week (IMW) 2025.

Sharing the update on X, Sonowal said the agreements reflect global confidence in India’s growth story and the leadership of Prime Minister Narendra Modi.

The MoUs span key areas including port augmentation and modernisation, green initiatives, shipbuilding and repair, and global academic and skill development.

Shri Sonowal congratulated all stakeholders and reaffirmed the government’s commitment to turning these partnerships into tangible progress for building an Aatmanirbhar and strong maritime India.

Source: ANI