Abu Dhabi to invest $2 billion in Maharashtra’s ports and shipbuilding sector

A Memorandum of Understanding (MoU) was signed between the 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 the agreement, provisions have been made for investment across shipbuilding, maritime transport, port infrastructure and water sports management. The initiative aligns with Maharashtra’s long-term plan for blue economy-led growth."