Bhubaneswar: In a significant push for port-led development in Eastern India, a landmark Memorandum of Understanding (MoU) was formally signed for the development of a massive new deep-water port at Bahuda, Odisha.

The strategic agreement, estimated to attract an investment of approximately ₹21,500 crore, involves the Paradip Port Authority (PPA), the Visakhapatnam Port Authority (VPA), the Sagarmala Finance Corporation Limited (SFCL), and the Government of Odisha.

The Bahuda Port, situated in the Ganjam district, is being designed with a prodigious initial capacity of 150 Million Tonnes Per Annum (MTPA). It is poised to function as a crucial satellite port to the existing Paradip Port and is aligned with the national ‘PM Gati Shakti’ master plan and ‘Maritime India Vision 2030’.

The st

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