Gujarat Pipavav Port Calls ₹17,000-Crore MoU with GMB Non-Binding, Major Investment to Follow Concession Extension.

Gujarat Pipavav Port Ltd (GPPL) has clarified that its recently signed ₹17,000-crore Memorandum of Understanding (MoU) with the Gujarat Maritime Board (GMB) is not a binding contract, and that the proposed investments will proceed only after the port secures an extension of its operating concession.

“The MoU with GMB is not a binding contract. This is subject to concession extension. This expenditure will happen post the concession extension,” GPPL Managing Director Girish Aggarwal said, referring to the agreement signed with the Gujarat government in October 2025. The port’s current 30-year concession is set to expire on September 29, 2028.

The planned ₹17,000-crore investment will be spread over 30 years and will cover a wide range of marine and landside infrastructure aimed at enhancing capacity across multiple cargo categories. Aggarwal explained that the investments will include new liquid jetties, liquid bulk container facilities, RoRo operations, and landside development, among other projects, to significantly expand Pipavav Port’s infrastructure capabilities.