Maharashtra Minister Nitesh Rane Reviews ₹56,017 Crore Maritime Projects, Directs Faster MoU Implementation
Maharashtra minister Nitesh Rane directed officials to speed up implementation of maritime sector MoUs worth ₹56,017 crore signed by the Maharashtra Maritime Board. The projects include port expansion, shipbuilding facilities and water transport infrastructure aimed at boosting employment and economic growth.
Maharashtra minister Nitesh Rane reviews major maritime infrastructure projects and directs officials to speed up implementation of ₹56,017 crore investment proposals | X - @NiteshNRane
Mumbai, May 11: Maharashtra Fisheries and Ports Minister Nitesh Rane on Monday directed officials to ensure effective implementation of Memorandums of Understanding (MoUs) worth Rs 56,017 crore signed by the Maharashtra Maritime Board to strengthen the state’s marine and water transport sectors.
Chairing a high-level review meeting at Mantralaya, Rane conducted a detailed assessment of major maritime infrastructure projects underway across the state and instructed officials to accelerate their execution, saying the projects would significantly boost industrial growth, employment generation and economic development in coastal regions.
Maritime Board signs 19 investment agreements
The Maharashtra Maritime Board has signed 19 MoUs with several national and international companies aimed at attracting investments in port development, shipbuilding, water transport and marine industries.
Senior officials from the Ports and Transport Department and Maharashtra Maritime Board Chief Executive Officer Pradeep P. attended the meeting.
Major port and transport projects reviewed
Among the projects reviewed were the expansion of Dighi Port, development works at Jaigad and Dharamtar ports, establishment of modern shipbuilding facilities and creation of advanced transport infrastructure for the Mumbai Water Metro project.
The minister also reviewed initiatives being undertaken in collaboration with the Indian Institute of Technology Bombay to develop skilled manpower for the shipbuilding industry through training and research programmes.
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Minister stresses timely execution of projects
Rane said the projects have the potential to attract large-scale investment and create substantial employment opportunities in Maharashtra.
He directed officials to closely monitor implementation and ensure timely completion so that the state can fully utilise its maritime potential and emerge as a global maritime hub.
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