India’s Maharashtra state signs MoU with Abu Dhabi Ports

The MoU envisions investments up to $2 billion across sectors like shipbuilding, ship-breaking, water transport, port infrastructure and sports management, State Minister of Ports Development Nitesh Narayan Rane posted on X.

India’s Maharashtra state recently signed an MoU with Abu Dhabi Ports and the Investment Resource & Presidential Office of Abu Dhabi.
The MoU envisions investments up to $2 billion across sectors like shipbuilding, ship-breaking, water transport, port infrastructure and sports management.
The initiative aligns with Maharashtra’s long-term plan for blue economy-led growth.

The initiative aligns with Maharashtra’s long-term plan for blue economy-led growth.

“It is a proud moment for us as we are developing the maritime ecosystem in the state. The total investment envisaged is ₹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 aim of making Maharashtra a maritime superpower,” Maharashtra’s Chief Minister Devendra Fadnavis said.

In total, 15 MoUs have been signed in this sector, with the largest allocation of ₹420 billion for the expansion of Dighi Port. JSW Infrastructure Ltd plans to invest ₹3,7.09 billion in expanding its Jaigad and Dharamtar ports.

Further commitments came from Chowgule Group, Synergy Shipbuilders, and Goa Shipyard to set up shipbuilding facilities in the state.

Fibre2Fashion News Desk (DS)