The New Mangalore Port Trust (NMPT) and various stakeholders and prospective investors signed seven MoUs worth Rs 1,417 core at the Mangaluru Innovation Conclave on Wednesday. M Venkatesh, MD, MRPL and A.V Ramana Chairman, NMPT signed two MoUs including for the construction of a desalination plant in the land already leased out by NMPT at a proposed investment of Rs 637 crore. The other MoU was for the laying of BS-VI HSD pipeline from MRPL refinery premises to NMPT at a proposed cost of Rs 73 crore.

The MOU was signed with Rohit Vora, director, Adani Cementation limited and KG Nath deputy chairman, NMPT for setting up conveyor system, Silos, packing plant and other allied facilities to receive, store, pack and distribute, cement, fly ash and slag to the State’s hinterland and neighbouring states in the port allotted land at an estimated cost of Rs 133 crore. YR Belagal, traffic manager, NMPT, signed an MOU with Shivanand Rai, group general manager, Central Warehousing Corporation for the development of warehousing facilities named CWC-Distripark Mangaluru and container freight station – CWC-CFS Impex Park Mangaluru in 13.6 acres and 15-20 acres of port land, respectively, at an approximate cost of Rs 100 crore.

An MOU was also signed with the Indian Oil Corporation for the construction of a tank farm and renovation of the oil terminal that will enhance the turnaround time of the oil tankers at an estimated cost of Rs 350 crore. Captain Chowdary of the Dredging Corporation of India Limited signed an MOU with SR Pattnayak, chief engineer (civil) for three years post-monsoon maintenance dredging at NMPT at the cost of Rs 111.22 crore.

Similarly, Kaushik Bishayee, assistant general manager, UltraTech Cement Limited and AV Harinath Chief Engineer (Civil) signed an MoU for the construction of 5000 MT capacity cement Silo with allied structures and equipment at the cost of Rs 13 crore.

AV Ramana Chairman, NMPT said, virtual Maritime India Summit 2021 (MIS) is being organized by the Ministry of Ports, Shipping and Waterways from March 2- 4 to promote both domestic and international investment in the Indian maritime sector. There is a special session for investment opportunities in the maritime sector in Karnataka on March 2 from 12.30 pm to 2 pm, covering the development of nonmajor ports, industries and allied infrastructure, fisheries sector along with tourism. Chief Minister BS Yediyurappa would invite investors for the opportunities for investments across the maritime-related sectors, he said.