Maharashtra Signs Rs 76,000 Crore Maritime Investment Deals, Eyes Global Expansion

Maharashtra Signs Rs 76,000 Crore Maritime Investment Deals, Eyes Global Expansion

Maharashtra has signed maritime investment agreements worth Rs 76,000 crore as it seeks to attract global investors. Minister Nitesh Rane highlights opportunities in ports, shipbuilding, logistics and the ambitious Mumbai Water Metro project.

Maharashtra is stepping up its maritime development ambitions with investment agreements worth Rs 76,000 crore signed so far, as the state seeks to position itself as a major international hub for maritime trade, shipbuilding, shipping and logistics.

State Fisheries and Ports Minister Nitesh Rane has invited global investors to explore the vast opportunities available in Maharashtra's maritime sector, highlighting the state's potential to attract investments across ports, shipbuilding, ship repair, shipping and logistics.

Rane was speaking at the inauguration of the fourth Maritime India Conference and Expo, held at the NESCO complex in Goregaon. The international conference, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) from November 2 to 4, has brought together representatives from nine major countries, including the Netherlands, Denmark, France, Germany, Italy, Japan, Sweden, Switzerland and the United Arab Emirates.

Investment-friendly environment

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Rane said Maharashtra's extensive coastline, natural ports, strong industrial infrastructure and export-friendly ecosystem make it well-positioned to emerge as a major centre for international maritime trade.

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He emphasised that the state government is focusing on accelerating infrastructure development and facilitating investments through a single-window clearance system to ensure greater convenience for investors.

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The minister highlighted the importance of creating a supportive investment environment to strengthen Maharashtra's maritime industry and attract international participation in its development.

Mumbai Water Metro to gain global recognition

Rane said work on the Mumbai Water Metro project is progressing rapidly as the state seeks to transform its water transport infrastructure to meet global standards.

He stated that the system would eventually become the world's largest water transport network.

According to the minister, the project is expected to enhance port efficiency, strengthen the logistics network and provide a significant boost to the state's overall exports.

Millions of employment opportunities expected

The expansion of the maritime industry is expected to generate millions of new employment opportunities across Maharashtra.

Rane said the state would play a crucial role in advancing India's national objective of strengthening its maritime power, with Maharashtra's contribution expected to remain among the most significant.

The conference was attended by FICCI President Vijay Shankar, FICCI Shipping Committee Chairman Dhruv Kotak, Netherlands Deputy Consul Thierry van Helden, Additional Director General of the Indian Maritime Administration Captain Abul Kalam Azad, Shipping Corporation of India CMD Captain Binesh Tyagi, JNPA Chairman Gaurav Dayal, Odisha Principal Secretary NBS Rajput and Maharashtra Maritime Board CEO Pradeep P.

With investment agreements already reaching Rs 76,000 crore and international participation at the conference, Maharashtra is seeking to expand its maritime infrastructure, strengthen its global trade connections and create new employment opportunities through the development of its ports and shipping industries.

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