• Latest
  • Trending
Centre approves ₹887crore world-class Mumbai marina

Centre approves ₹887crore world-class Mumbai marina

Google Cloud integrates NotebookLM into SAP Learning Hub to accelerate AI-powered upskilling

Google Cloud integrates NotebookLM into SAP Learning Hub to accelerate AI-powered upskilling

Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production

Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production

Gold steady, oil firms as Iran conflict and global supply risks keep commodities in focus

Gold steady, oil firms as Iran conflict and global supply risks keep commodities in focus

Akash Ambani appointed MD of Jio Platforms

Akash Ambani appointed MD of Jio Platforms

India’s April palm oil imports hit four-month low

India’s April palm oil imports hit four-month low

Max Financial Services net profit falls in FY26

Max Financial Services net profit falls in FY26

Precious metals extend rally as dollar weakens; copper hits multi-month high

Government increases customs duty on gold, silver to protect forex reserve

Groww shares in focus as lock-in ends and investors sell

Groww shares in focus as lock-in ends and investors sell

LME aluminium surged to 4-year high: Geojit Investments report

LME aluminium surged to 4-year high: Geojit Investments report

OpenAI buys popular tech talk show TBPN

OpenAI launches OpenAI Deployment Company

SwishX launches Agentic AI platform for pharma, targets $5 million ARR in FY27

SwishX launches Agentic AI platform for pharma, targets $5 million ARR in FY27

Global commodities: Oil surges, metals mixed on Iran tensions

Global commodities: Oil surges, metals mixed on Iran tensions

  • Market
  • Commodity
  • Personal Finance
  • Data Story
  • News
  • Contact Us
Thursday, May 14, 2026
  • Login
Data Biz Times
No Result
View All Result
Data Biz Times
No Result
View All Result

Centre approves ₹887crore world-class Mumbai marina

in News
Reading Time: 3 mins read
0
Centre approves ₹887crore world-class Mumbai marina
Share on FacebookShare on Twitter

DBT Bureau

Pune, 18 Dec 2025

The Union Government has approved plans to develop a world-class marina in Mumbai Harbour at an estimated cost of ₹887 crore, a move expected to give a significant push to coastal shipping, maritime tourism and waterfront-led urban development in the country’s financial capital.

The proposed ‘Viksit Bharat Mumbai Marina’ has been cleared by the Ministry of Ports, Shipping and Waterways in line with the vision articulated by Prime Minister Narendra Modi for creating global-standard tourism destinations and strengthening India’s maritime economy.

Speaking on the occasion, the Union Minister of Ports, Shipping & Waterways, Sarbananda Sonowal said, “This approval of the ‘Viksit Bharat Mumbai Marina’ marks an important step in our efforts to strengthen coastal shipping and maritime tourism. Guided by the vision of Prime Minister Narendra Modi ji, the project will create world-class infrastructure, open the waterfront for public use, encourage private investment and generate new employment opportunities. It will help position Mumbai as a global maritime tourism hub while advancing India’s broader blue economy goals.”

The project will be implemented through a hybrid development model, under which the Mumbai Port Authority will invest about ₹470 crore to construct the core marina infrastructure on an EPC basis, while a private operator will develop onshore facilities with an estimated investment of ₹417 crore. The ministry has approved the port authority’s investment, and tenders have been floated, with bids scheduled to close on Dec. 29, 2025.

“This project reflects PM Narendra Modi ji’s vision of positioning Mumbai as a global marina destination. The project will strengthen maritime tourism, attract private investment and create over 2,000 jobs across allied sectors, while opening new opportunities in coastal and blue economy activities,” added Union Minister Sarbananda Sonowal.

Planned over nearly 12 hectares of water area, the marina will have the capacity to berth 424 yachts of up to 30 metres in length. Marine infrastructure will include an approach trestle, piled breakwater, service platforms, pontoons and gangways designed to support safe and efficient yacht operations.

Onshore facilities to be developed by the private operator will include a marina terminal building, a Namo Bharat International Sailing School, a maritime tourism development centre, hotel and clubhouse facilities, a skill development centre, and yacht stacking and repair infrastructure No.

The project aligns with key national frameworks such as Maritime India Vision (MIV) 2030, Maritime Amrit Kaal Vision (MAKV) 2047, the Sagarmala Programme and the Cruise Bharat Mission, as well as the Port Master Plan 2047 of Mumbai Port Authority.

The marina is expected to generate over 2,000 jobs across marina operations, cruise services, hospitality and allied activities, while facilitating private sector participation in coastal infrastructure. It is also aimed at improving public access to the waterfront and strengthening Mumbai’s position as a major hub for maritime tourism and cruise traffic.

Related Posts

Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production

Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production

0

DBT Bureau Pune, 14 May 2026 Deccan Gold Mines Limited, India’s only listed gold and critical minerals mining company, announced...

Hindustan Copper names Ghanshyam Das Gupta as Director Mining, lifting market sentiment

Hindustan Copper names Ghanshyam Das Gupta as Director Mining, lifting market sentiment

0

DBT Bureau Pune, 10 May 2026 Hindustan Copper Limited said in an exchange filing that the Ministry of Mines has...

TAC Security subsidiary CyberSandia appoints Bruce Oakeley to lead U.S. public sector expansion

TAC Security subsidiary CyberSandia appoints Bruce Oakeley to lead U.S. public sector expansion

0

DBT Bureau Pune, 10 May 2026 CyberSandia, a TAC Security company, has appointed Bruce Oakeley as Director to lead and...

ABB India Q1 CY2026 orders jump 25%; Announces $75 million expansion investment amid margin pressure

ABB India Q1 CY2026 orders jump 25%; Announces $75 million expansion investment amid margin pressure

0

DBT Bureau Pune, 10 May 2026 ABB India Limited (standalone) posts Q1 CY2026 (Jan-March) results. Q1 2026 HIGHLIGHTS− Strong orders...

Google Cloud integrates NotebookLM into SAP Learning Hub to accelerate AI-powered upskilling
Artificial Intelligence

Google Cloud integrates NotebookLM into SAP Learning Hub to accelerate AI-powered upskilling

0

DBT Bureau Pune, 14 May 2026 Google Cloud announced a new initiative with SAP to integrate NotebookLM into “SAP Learning...

Read moreDetails
Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production
Market

Deccan Gold reports transformational FY26 as Kyrgyzstan project nears production

0

DBT Bureau Pune, 14 May 2026 Deccan Gold Mines Limited, India’s only listed gold and critical minerals mining company, announced...

Read moreDetails
Gold steady, oil firms as Iran conflict and global supply risks keep commodities in focus
Commodity

Gold steady, oil firms as Iran conflict and global supply risks keep commodities in focus

0

DBT Bureau Pune, 14 May 2026 Global commodity markets remained volatile as investors tracked U.S.-China diplomatic talks, persistent Iran conflict...

Read moreDetails
Akash Ambani appointed MD of Jio Platforms
Market

Akash Ambani appointed MD of Jio Platforms

0

Debasis Mohapatra Bengaluru, 14 May 2026 Jio Platforms, the telecom and digital arm of Reliance Industries Limited (RIL), has appointed...

Read moreDetails
DBT Bureau

Data Biz Times © 2024. All Rights Reserved.

Navigate Site

  • Media Release
  • Blog
  • Contact Us
  • Privacy Policy

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Market
  • News
  • Data Story
  • Business
  • Media Release
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.