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Why Land Investment is a Good Idea
To expand Dighi Port in the Konkan region of Maharashtra, the Adani Group has announced an additional investment of ₹42,500 crore. Adani Ports and Special Economic Zone, which runs the port, and the Maharashtra government signed a memorandum of understanding (MoU) on Monday.
This investment forms part of a broader initiative where the state government signed 15 MoUs worth over ₹56,000 crore during the India Maritime Week to boost port infrastructure, shipbuilding, and maritime technology.
Chief Minister Devendra Fadnavis said the agreements aim to make Maharashtra a “maritime superpower of India.” The new MoUs include plans for port expansions, shipyard development, and industrial zones around ports.
The Adani Group had originally acquired the bankrupt Dighi Port in 2021 with a ₹705 crore bid and committed ₹10,000 crore for its revival and expansion. The new investment significantly scales up its long-term commitment to the project.
Along with Adani's investment, the Chowgule Group intends to invest ₹5,000 crore in shipbuilding and repair, and the JSW Group will invest ₹3,709 crore to expand facilities at Jaigad Port.
The Maharashtra government also plans to launch a water taxi service connecting the newly inaugurated Navi Mumbai Airport (operated by Adani) with the Gateway of India in South Mumbai — the first of its kind in India. Additionally, the state is developing a marina in Mumbai to promote water transport and tourism.
Foreign investors from the UAE, the Netherlands, and Sweden have also signed commitments to invest in Maharashtra’s maritime infrastructure. The IIT-Bombay will support the initiative by developing training and skill development programs for maritime sector employees.
The cumulative investments aim to strengthen Maharashtra’s 700-km coastline, enhance its role in global supply chains, and support India’s vision of becoming a major maritime economy.
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