Maharashtra Signs ₹76,000 Crore Maritime Investment Agreements, Minister Nitesh Rane Invites Global Investors At Mumbai Expo
Mumbai: Maharashtra is positioning itself as a major global maritime, shipping and logistics hub, with investment agreements worth Rs 76,000 crore already signed in the sector, Fisheries and Ports Minister Nitesh Rane said on Monday. Inviting global investors to explore opportunities in the state, he said Maharashtra was ready to facilitate new ventures in ports, shipbuilding, ship repair,…
Maharashtra is aiming to become a leading global hub for maritime and logistics industries, as declared by Fisheries and Ports Minister Nitesh Rane on Monday. The state has already inked agreements worth Rs 76,000 crore in this sector, inviting international investors to explore opportunities in ports, shipbuilding, repair, logistics, and exports.
Rane addressed the opening of the four-day Maritime India Conference and Expo at NESCO Goregaon, attended by nine countries, including the Netherlands, Denmark, France, Germany, Italy, Japan, Sweden, Switzerland, and the United Arab Emirates. Under Chief Minister Devendra Fadnavis's leadership, Maharashtra is striving to enhance its port, shipping, logistics, and export capabilities according to international standards.
The state's extensive coastline, natural harbours, robust industrial infrastructure, and thriving export ecosystem present significant investment potential, according to Rane. Maharashtra is focusing on infrastructure development to boost port capacity and expand shipping and logistics operations, offering incentives such as single-window clearances to streamline approvals and reduce bureaucratic barriers.
The state is also exploring modern water transport solutions, with the proposed Mumbai Water Metro aiming to become the world's largest water transport network and enhancing urban connectivity. Mr. Rane urged foreign investors to capitalize on Maharashtra's opportunities, encouraging them to engage in port development, shipbuilding, and ship repair.
The sector promises substantial employment opportunities, he added, emphasizing the state's role in bolstering India's maritime capabilities during the Amrit Kaal.
Written by urgent.news from Free Press Journal's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
