Maharashtra Secures ₹56,000 Crore Investment for Maritime Sector Expansion
Maharashtra has secured significant investments worth ₹56,000 crore in the maritime sector, marking a major step in its coastal development strategy. The investments span port expansion, shipbuilding, and green technology.
MaharashtraMaritime SectorInvestmentPort ExpansionGreen TechnologyReal Estate MaharashtraOct 28, 2025
According to senior officials, these investment agreements mark a decisive step in Maharashtra’s long-term strategy to modernize its 700-kilometre coastline and integrate port-led growth with sustainable economic development. The memorandums of understanding (MoUs) are expected to stimulate employment, boost export competitiveness, and attract allied industries such as ship repair, logistics, and marine equipment manufacturing. Among the major signings, a leading private conglomerate will spearhead the expansion of Dighi Port and jointly develop a large-scale industrial zone in collaboration with the central government. The project aims to transform the Dighi region into a logistics and manufacturing hub that complements India’s maritime trade corridors.
Another major corporate group has committed to expanding its existing facility at Jaigad Port, enhancing cargo handling capacity and enabling deeper integration with international supply chains. Officials highlighted that Maharashtra’s maritime strategy also extends beyond cargo and industrial infrastructure. Plans are underway to introduce India’s first ‘water taxi’ service connecting the newly inaugurated Navi Mumbai International Airport with the Gateway of India. Operated by a private airport developer, the service aims to reduce travel time, ease road congestion, and offer a sustainable mode of passenger transport using cleaner marine fuels.
The state government is simultaneously developing a state-of-the-art marina in Mumbai to promote water sports, tourism, and eco-friendly marine recreation, aligning with the broader vision of building a greener, more accessible coastal ecosystem. Additionally, dedicated MoUs have been signed to establish centres of excellence focused on maritime technology, digital navigation, and human resource development to strengthen skills and research capabilities in the sector.
Officials affirmed that Maharashtra is working closely with the central government to establish an enabling ecosystem for investors. They emphasized that such partnerships will accelerate India’s transition towards sustainable port operations, cleaner fuels, and improved coastal resilience, aligning with global maritime decarbonisation goals. With these investments, Maharashtra is positioning itself at the forefront of India’s maritime transformation—leveraging its natural coastline, industrial capabilities, and policy ecosystem to anchor inclusive, sustainable, and future-ready growth.
Frequently Asked Questions
What is the total investment secured by Maharashtra in the maritime sector?
Maharashtra has secured commitments worth ₹56,000 crore in the maritime sector.
What are the key areas of investment in Maharashtra's maritime sector?
The key areas of investment include port expansion, shipbuilding, coastal logistics, and green maritime technology.
Which major projects are being developed as part of these investments?
Major projects include the expansion of Dighi Port and the development of a large-scale industrial zone, as well as the expansion of Jaigad Port to enhance cargo handling capacity.
What is the 'water taxi' service planned by the state government?
The 'water taxi' service will connect the newly inaugurated Navi Mumbai International Airport with the Gateway of India, aiming to reduce travel time and ease road congestion.
How is the state government promoting sustainable maritime development?
The state government is developing a state-of-the-art marina in Mumbai to promote water sports, tourism, and eco-friendly marine recreation, and is establishing centres of excellence focused on maritime technology and human resource development.
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