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Maharashtra to Become Maritime Hub with Rs 55,719 Crore MoUs

Strategic Insights

— 1 min read

The state is set to become a major player in the maritime sector with the signing of memoranda of understanding (MoUs) worth Rs 55,719 crore at the India Global Maritime Summit. Maharashtra will gain an edge over other states with ship design, ship building, shipyard, and manpower training facilities. The state will also have passenger transport boats and cruises, with facilities to promote waterways in the Mumbai region and Konkan coast, as well as international routes.

Key Takeaways:

  • Candela Technology, Chowgule & Company, and Synergy Shipbuilders will establish ship construction and maintenance facilities in Maharashtra, providing the state with an edge in the maritime sector.
  • The facilities will include ones specifically for building ships for passenger water transport, ship design, and manpower training.
  • Echandia Marine's battery system assembly for green ships and IIT Bombay's facility for ship design and manpower training will benefit Mumbai and Maharashtra.
  • Goa Shipyard will also set up a facility in the state, and Adani and JSW have signed MoUs for the expansion and development of Dighi and Jaigad ports.
  • International companies such as Boskalis, Lai Investment, and Wan Hai have shown interest in building terminals at Vadhvan by investing around Rs 700,00 crore.
  • An MoU has been signed with Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi, envisioning investments up to USD 2 billion in Maharashtra's diversified sectors, including shipbuilding, ship-breaking, water transport, port infrastructure, and sports management.
  • Over 600 MoUs worth more than Rs 12 Lakh Crore were signed during India Maritime Week 2025, marking a new chapter in the nation's journey toward becoming a global maritime powerhouse.

Statistics:

  • Rs 55,719 crores worth of MoUs signed at the India Global Maritime Summit
  • Over 600 MoUs worth more than Rs 12 Lakh Crore signed during India Maritime Week 2025
  • USD 2 billion envisioned in investments by Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi
  • Rs 700,00 crore investment by Boskalis, Lai Investment, and Wan Hai in building terminals at Vadhvan
  • Rs 55,719 crores worth of MoUs indicates massive investment in the maritime sector

Sources:

  • Times of India (20 Feb 2023) -
  • India Global Maritime Summit (2025)
  • Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi

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