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

Centre approves ₹887crore world-class Mumbai marina

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth

Gravita stock gains on lithium-ion battery recycling plant launch

Gravita stock gains on lithium-ion battery recycling plant launch

NMDC share up 3.67% today | Dividend, critical minerals move cheer investors

NMDC share up 3.67% today | Dividend, critical minerals move cheer investors

Fractal Analytics IPO price range set between Rs 857 to Rs 900 per share

Fractal Analytics IPO price range set between Rs 857 to Rs 900 per share

Why UK is probing Amazon’s AI partnership with Anthropic?

IT stocks see selloff on Claude’s new AI tools

Reliance Industries and Bajaj Finance identified as top picks in Prabhudas Lilladher’s BEAT Report

Bajaj Finance stock on radar after inline Q3FY26 results

Rupee holds steady as inflation eases and manufacturing outlook improves : Kedia Stocks & Commodities Research

Indian Rupee strengthens after US-India trade deal

Honeywell’s Ethanol-to-Jet technology to power one of India’s first dedicated SAF plants

Honeywell’s Ethanol-to-Jet technology to power one of India’s first dedicated SAF plants

CORONA Remedies: Q1 vs Q2 vs Q3 FY26 – Financial performance & QoQ growth

CORONA Remedies: Q1 vs Q2 vs Q3 FY26 – Financial performance & QoQ growth

Sona BLW stock up on Indo-US trade deal, strong Q3FY26 earnings

Sona BLW stock up on Indo-US trade deal, strong Q3FY26 earnings

Sundaram Finance stock on radar after sound Q3FY26 results

Sundaram Finance stock on radar after sound Q3FY26 results

The US raises taxes on Indian goods, affecting trade and growth

Alert: India-US seal trade deal; Indian goods to face tariff rate of 18%

Thursday, February 5, 2026
  • Login
Data Biz Times
  • Commodity
  • Data Story
  • Market
  • Business
  • News
  • Contact Us
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

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth

0

DBT Bureau Pune, 4 Feb 2026 Tata Power today reported Profit After Tax (PAT) of ₹1,194 crore in the third...

NMDC share up 3.67% today | Dividend, critical minerals move cheer investors

NMDC share up 3.67% today | Dividend, critical minerals move cheer investors

0

DBT Bureau Pune, 4 Feb 2026 NMDC Limited,a state-owned mining major, has declared a first interim dividend of ₹2.50 per...

Honeywell’s Ethanol-to-Jet technology to power one of India’s first dedicated SAF plants

Honeywell’s Ethanol-to-Jet technology to power one of India’s first dedicated SAF plants

0

DBT Bureau Pune, 3 Feb 2026 Honeywell said that TruAlt Bioenergy Limited will use Honeywell’s Ethanol-to-Jet (ETJ) process technology to...

Infosys grants stock incentives to employees, approves over 70 lakh RSUs and PSUs

Infosys grants stock incentives to employees, approves over 70 lakh RSUs and PSUs

0

DBT Bureau Pune, 2 Feb 2026 Infosys has approved a fresh round of stock-based incentives for its senior leadership and...

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth
Data Story

Tata Power Q3 FY26: PAT jumps to ₹1,194 crore on strong EBITDA growth

0

DBT Bureau Pune, 4 Feb 2026 Tata Power today reported Profit After Tax (PAT) of ₹1,194 crore in the third...

Read moreDetails
Gravita stock gains on lithium-ion battery recycling plant launch
Market

Gravita stock gains on lithium-ion battery recycling plant launch

0

DBT Bureau Pune, 4 Feb 2026 Gravita India Limited launched of its state-of-the-art lithium-ion battery recycling plant in Mundra, Gujarat...

Read moreDetails
NMDC share up 3.67% today | Dividend, critical minerals move cheer investors
Market

NMDC share up 3.67% today | Dividend, critical minerals move cheer investors

0

DBT Bureau Pune, 4 Feb 2026 NMDC Limited,a state-owned mining major, has declared a first interim dividend of ₹2.50 per...

Read moreDetails
Fractal Analytics IPO price range set between Rs 857 to Rs 900 per share
Market

Fractal Analytics IPO price range set between Rs 857 to Rs 900 per share

0

Athira Sethu Kochi, 4 Feb 2026 Fractal Analytics, an Indian AI firm, has revealed the price band for its Initial...

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
  • Artificial Intelligence
  • Business
  • Data Story
  • Market
  • Media Release
  • News
  • Tech
  • Contact Us

Data Biz Times © 2024. All Rights Reserved.

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?