Housing and Urban Development Corporation Ltd (HUDCO) has signed a Memorandum of Understanding (MoU) with the Jawaharlal Nehru Port Authority (JNPA) to facilitate financing and development of port infrastructure projects worth ₹5,000 crore. The partnership underscores HUDCO’s expanding role in supporting large-scale national infrastructure projects that enhance India’s transport and logistics ecosystem.
Strategic Partnership for Maritime Infrastructure
The non-binding MoU, signed on October 24, 2025, lays the foundation for collaboration in the development, financing, and refinancing of infrastructure projects at Jawaharlal Nehru Port.
Through this strategic alliance, HUDCO will provide financial expertise and structured funding solutions, while JNPA will leverage its operational experience and technical know-how to boost port capacity, improve connectivity, and promote sustainable maritime logistics.
The agreement was formally signed by Shri Sanjay Kulshrestha, CMD of HUDCO, and Shri Unmesh Sharad Wagh, Chairman of JNPA, in the presence of senior officials from both organizations.
Driving Sustainable Development
This collaboration marks a significant step toward advancing India’s Blue Economy and infrastructure modernisation goals, aligning with the government’s vision of transforming major ports into globally competitive hubs. HUDCO’s participation will ensure that the financing structure supports both economic viability and environmental sustainability.
About HUDCO
Established in 1970, Housing and Urban Development Corporation Ltd is a Government of India enterprise under the Ministry of Housing and Urban Affairs, headquartered in New Delhi. HUDCO specialises in housing finance, urban infrastructure funding, and project development, playing a vital role in promoting inclusive and sustainable urbanisation across India.
Summary:
HUDCO and JNPA have signed a ₹5,000 crore MoU to collaborate on financing and developing port infrastructure projects. The partnership aims to strengthen India’s maritime logistics network and promote sustainable port development through HUDCO’s financial acumen and JNPA’s operational expertise.
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