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Maharashtra has secured investment commitments worth INR 56,000 crore for the growth of its maritime and port infrastructure. The agreements, finalised under the state's port-led development strategy, are expected to strengthen logistics, shipbuilding, and coastal trade operations. These projects aim to generate large-scale employment and enhance connectivity to global trade routes. The state government plans to expand existing ports, develop new ones, and support industries linked to ship repair, warehousing, and coastal shipping. The initiative aligns with India's vision of modernising maritime logistics and increasing its share in global shipping activity.
Maharashtra has drawn investment proposals of nearly INR 56,000 crore in the maritime and port sector to accelerate industrial growth and strengthen logistics connectivity along its coastline. The investments are part of the state's ongoing efforts to make its ports key drivers of economic expansion and international trade. Advertisement
Officials from the Maharashtra Maritime Board (MMB) confirmed that the investment pledges include projects in shipbuilding, coastal transport, port infrastructure, and allied maritime industries. These projects are expected to boost trade efficiency, attract global partners, and create employment opportunities in coastal districts.
The investments are being channelled under the Sagarmala Programme and state-led port development policies, which focus on expanding existing port capacity and improving last-mile connectivity for industries dependent on coastal logistics. Maharashtra, which already handles a significant share of India's non-major port traffic, aims to strengthen its position as a leading maritime hub on the western coast.
According to state officials, a major share of the planned investment will go towards upgrading port facilities at locations such as Jaigarh, Dighi, Rewas, and Dharamtar. These ports are being developed to handle larger cargo volumes, enhance multimodal connectivity, and support industrial corridors connecting major economic zones.
The state is also prioritising the development of ship repair and shipbuilding clusters, alongside initiatives to promote coastal tourism and maritime training. The focus is on creating a balanced ecosystem where ports, logistics parks, and industries work in coordination to support both cargo and passenger movement.
Maharashtra's coastline, stretching over 720 kilometres, has emerged as a major contributor to India's maritime trade, handling diverse cargo including petroleum, coal, chemicals, and food grains. The new investments are expected to improve efficiency in cargo handling and promote green shipping initiatives that reduce carbon emissions.
In recent years, the state government has been encouraging private participation and policy reforms to enhance ease of doing business in the maritime sector. These include simplified procedures for port licensing, transparent bidding processes, and incentives for sustainable infrastructure development. Officials highlighted that these reforms have played a crucial role in attracting long-term investors and global players to participate in Maharashtra's maritime growth story.
Industry analysts noted that Maharashtra's maritime development strategy complements India's broader goal of expanding port-led industrialisation. The initiatives are likely to create new employment opportunities, strengthen logistics networks, and position the state as a crucial link in global supply chains.
Source PTI
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