BHAVNAGAR: In a transformative move for India’s maritime sector, the Paradip Port Authority (PPA) and the Odisha Maritime Board (OMB) have signed a Memorandum of Understanding (MoU) to establish a state-of-the-art shipbuilding cluster in Odisha.

This landmark agreement, inked on September 19, 2025, aligns with India’s Maritime Amrit Kaal Vision 2047, which aims to elevate the nation to one of the top five shipbuilding countries globally.

The proposed shipbuilding cluster, to be developed along the Mahanadi riverbank in Kendrapara district opposite the IFFCO Plant in Paradip, carries an estimated investment . . .