SMP Kolkata secures INR 48,000+ crore in strategic partnerships for future development

Syama Prasad Mookerjee Port, Kolkata (SMPK), at the India Maritime Week 2025 (Oct. 27-31) in Mumbai, inked a series of landmark Memoranda of Understanding (MoUs) amounting to a committed investment of over Rs 48,000 crore across diverse sectors of maritime trade and green energy. The major MoUs were exchanged between Mr Rathendra Raman, Chairman, SMPK and the officials of the various partnering agencies on Wednesday. These MoUs reflect SMPK’s dedication to catalysing port-led industrial growth and sustainable development, highlighted a release.

Key among the signed agreements is a MoU with Dredging Corporation of India, establishing a long-term partnership for dredging operations at SMPK. 

Haldia Petrochemicals has pledged significant investment towards establishing tank farms and enhancing POL (Petroleum, Oil, and Lubricants) handling infrastructure at Haldia Dock. Major port infrastructure expansion is further secured through collaborations with Adani Ports, JSW Infrastructure and Century Ports for new container terminal projects under the Public-Private Partnership (PPP) model.

Besides, UltraTech Cement will set up a cement bulk terminal at Kolkata Dock on captive basis, adding a crucial dimension to the port’s cargo profile. SMPK has also formalised tie-ups with leading institutions such as Science and Technology Park, Pune and various start-ups, aiming at land management innovation and advanced logistics solutions.

Kolkata-based real estate majors like Srijan and Eden Realtors have also collaborated with the port in various riverfront development projects, monetising the land assets of the port. MoUs in this regard was also exchanged. 

Speaking on the occasion, Mr Rathendra Raman said: “These partnerships mark a defining step in SMPK’s journey of transformation. By bringing together industry leaders and forward-looking institutions, we are building a future-ready maritime ecosystem that enhances trade capacity, attracts global investment, and supports sustainable and inclusive growth for the region.”

These strategic partnerships are poised to transform SMPK into a national gateway for trade, innovation and sustainable maritime excellence, the release added.

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