The government of Maharashtra has signed 15 memorandums of understanding (MoUs) totalling investment commitments of approximately Rs 560 billion in maritime projects. The agreements span a broad spectrum of projects including port expansions, shipyard development, maritime technology upgrades, and ancillary services.
Major components include deals with Adani Ports and Special Economic Zone Limited, which committed about Rs 425 billion for the expansion of Dighi Port and related industrial facilities. Another key player, JSW Infrastructure has committed Rs 37.09 billion for the expansion of Jaigarh and Dharamtar ports.
Besides, Chowgule and Company will invest Rs 50 billion to set up a shipyard facility in Maharashtra, while Goa Shipyard (Rs 20 billion), Synergy Shipbuilders N Dock Works (Rs 10 billion), Knowledge Marine & Engineering Works (Rs 2.50 billion), and TSA Enterprises (Rs 10 billion) will develop additional shipbuilding and repair yards along the coast.
The initiative also includes innovative projects such as a water-taxi service connecting ‘Navi Mumbai International Airport’ with South Mumbai, and plans for a state-of-the-art marina to promote water transport and sports. Alongside infrastructure investments, the MoUs also cover workforce skilling, technology centres of excellence, and clean-maritime initiatives.