Maharashtra has signed maritime investment agreements worth Rs 76,000 crore, with the state seeking to expand its port, shipbuilding, ship repair and logistics capabilities and attract further global investments.
Fisheries and Ports Development Minister Nitesh Rane announced the investment figure while addressing the inauguration of the fourth Maritime India Conference and Expo 2026, organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in Mumbai recently.
The three-day event brought together industry and government representatives from nine countries, including the Netherlands, Denmark, France, Germany, Italy, Japan, Sweden, Switzerland and the UAE.
Rane said Maharashtra’s extensive coastline, natural harbours, industrial base and export ecosystem offered significant opportunities for maritime development. The state is focusing on expanding port capacity and strengthening shipping, logistics and export infrastructure.
To facilitate investments, the government is promoting single-window clearances to simplify approvals and reduce procedural delays. The minister also invited international companies to explore opportunities in port development, shipbuilding and ship repair.
Maharashtra is also preparing a new Maritime Development Policy aimed at attracting investment and supporting the sector. At the conference, Rane highlighted a Rs 26,500-crore shipyard agreement involving the Maharashtra government, the Centre and Mazagon Dock Shipbuilders, which is expected to generate around 50,000 jobs.
The minister also referred to the proposed Mumbai Water Metro as a major initiative for modernising water transport and improving urban connectivity. He said maritime investments would support industrial growth and create employment opportunities across the state.