The MoU envisages investments of up to $2 billion in sectors such as shipbuilding, ship breaking, water transport, port infrastructure and sports management, Minister of State for Port Development Nitesh Narayan Rane published in X.
The Indian state of Maharashtra recently signed an MoU with Abu Dhabi Ports and the Abu Dhabi Presidential and Investment Resources Office. The MoU foresees investments of up to $2 billion in sectors such as shipbuilding, ship dismantling, water transport, port infrastructure and sports management. The initiative aligns with Maharashtra’s long-term plan for blue economy-driven growth.
The initiative aligns with Maharashtra’s long-term plan for blue economy-driven growth.
“It is a proud moment for us as we are developing the maritime ecosystem in the state. The total planned investment is Rs 56,000 crore, but apart from that, there are strategic MoUs in areas of technology and human resources. With these MoUs, we will move towards achieving our goal of making Maharashtra a maritime superpower,” said Maharashtra Chief Minister Devendra Fadnavis.
In total, 15 MoUs have been signed in this sector, with the largest allocation of Rs 420 billion for the expansion of Dighi port. JSW Infrastructure Ltd plans to invest Rs 3,709 crore in expanding its Jaigad and Dharamtar ports.
Chowgule Group, Synergy Shipbuilders and Goa Shipyard further committed to establishing shipbuilding facilities in the state.
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