Mumbai, Oct 27 (NationPress) Chief Minister Devendra Fadnavis expressed his strong belief that Maharashtra is poised to take the lead in the nation's maritime trade and industry in the near future. This ambition is set to materialize with the signing of 15 MoUs amounting to Rs 55,969 crore.

These agreements were signed in the presence of the Chief Minister during the India Maritime Week 2025 event on Monday.

CM Fadnavis highlighted that these MoUs involve partnerships with various companies aimed at enhancing the marine ecosystem. This initiative is expected to position Maharashtra at the forefront of maritime trade and development. The state will see facilities in port, transport, industry, and business evolve into world-class standards. He also noted that these agreements will usher in significant investments in port development, shipbuilding, maritime research, and technical training across the state.

“Key projects such as Dighi Port and Vadhavan Port will substantially boost the state's maritime trade capacity. Our collaboration with IIT Bombay will enhance research and skill development, propelling the state towards creating countless job opportunities and attracting new industries,” he stated.

“Water transport holds great importance for Mumbai. Following the launch of Ro-Ro service, we have seen a positive response from citizens. A new water taxi service is set to commence between the Gateway of India and Navi Mumbai Airport, which will significantly reduce travel time. Additionally, we are introducing a fleet of electric vessels to ensure that water transport becomes cleaner and more environmentally friendly,” the Chief Minister elaborated. He mentioned the development of water sports centers, the shipbuilding industry, and blue economy initiatives within the state.

“With the construction of Vadhavan Port, Maharashtra is on track to lead the country’s maritime sector. This port will connect key cities in the state via road, ensuring that the advantages of Vadhavan Port extend to the entire region,” he emphasized.

Fisheries and Ports Minister Nitesh Rane expressed that this is a moment of pride for Maharashtra. “Thanks to Chief Minister Devendra Fadnavis's vision, significant development opportunities are emerging in the maritime sector. Maharashtra is evolving into a leader in shipbuilding policy, passenger shipping, and maritime tourism. Soon, the state will become the hub of the nation’s maritime progress. These MoUs will empower Maharashtra's maritime sector on a global scale,” he added.

Minister Rane also mentioned that a new chapter of investments has commenced in the domains of port development, shipbuilding, ship repair, and maritime transport.

Among the notable MoUs, Adani Ports and Special Economic Zone Ltd has secured an agreement for the development of Dighi Port and its related infrastructure, committing an investment of Rs 42,500 crore.