Copyright thehindubusinessline
Abu Dhabi plans to invest $2 billion in ports and shipbuilding sector in Maharashtra, the state’s port and fisheries minister Nitesh Rane said in a X post on Tuesday evening. A MoU was signed between Maharashtra government and Abu Dhabi Ports and Resource Investment Ltd. “This is the first agreement of its kind between Abu Dhabi Ports and any state government in India underscoring Maharashtra’s global significance,” Rane said. Under this agreement provisions have been made for investment of up to $2 billion in various sectors including shipbuilding, maritime transport, port infrastructure and water sports management. This agreement aligns with Maharashtra’s long term vision of blue-economy based development. Published on October 29, 2025
