In a major move to boost cruise tourism and establish non-port revenue streams, the authority is aggressively developing the eastern waterfront, highlighted by India’s first global-standard marina project in Mumbai worth ₹470 crore. This project is designed to improve public access to the waterfront while dramatically scaling up annual cruise passenger traffic, which is projected to jump from the current 3 lakh passengers to well over one million within the next four to five years. To fund these extensive transformations, the MbPA has deployed a highly successful asset monetization strategy, outsourcing the operations and maintenance of its Indira Dock berth clusters to J M Baxi Ports & Logistics and M Dinshaw & Co, which will collectively generate ₹987 crore over a 10-year period. Additionally, the port is locking in long-term lease revenues worth over ₹800 crore by allotting strategic land parcels in Wadala for 30 years. This regional modernization aligns with India’s larger Maritime Amrit Kaal Vision 2047, which has already successfully slashed port turnaround times from 96 hours down to just 26 hours, aiming to eventually hit a national cargo capacity of 10,000 million tonnes through massive ₹80 trillion investments.