HUDCO Signs MoU With Sagarmala Finance To Back ₹800 Billion Maritime Projects

HUDCO has formalized a strategic partnership with Sagarmala Finance Company Ltd and key port authorities to finance large-scale maritime infrastructure projects under the Sagarmala Programme. Signed during India Maritime Week 2025, the MoUs are non-binding and exploratory, laying the groundwork for potential investments in port-linked industrial clusters, smart logistics hubs, and coastal infrastructure.

Major takeaways  

• HUDCO’s MoUs cover potential financing of up to ₹800 billion in maritime infrastructure  
• Agreements signed with Paradip, Visakhapatnam, and Mumbai Port Authorities  
• Proposed projects include ₹51 billion for Paradip Port and ₹4.87 billion for Visakhapatnam Port  
• A landmark “Maritime Iconic Structure” is planned in Mumbai to promote tourism and heritage  
• The MoUs are subject to feasibility studies, regulatory clearances, and final approvals

Notable updates  

• HUDCO also signed an MoU with IIM Calcutta to enhance research and training in infrastructure finance  
• The Sagarmala Programme has identified over 800 projects worth ₹5.79 lakh crore, with 272 already completed  
• The initiative supports India’s goal of reducing logistics costs and boosting coastal economic zones

Sources: Press Information Bureau, Indian Masterminds, ScanX News, HUDCO investor communications