Abu Dhabi has announced plans to invest $2 billion (around Rs 167 billion) in Maharashtra’s ports and shipbuilding sector, the state’s port and fisheries minister Nitesh Rane said in a post on X on Tuesday evening.

A Memorandum of Understanding (MoU) was signed between the Maharashtra government and Abu Dhabi Ports and Resource Investment Ltd to formalise the collaboration.

“This is the first agreement of its kind between Abu Dhabi Ports and any state government in India, underscoring Maharashtra’s global significance,” Rane stated.

Under the agreement, provisions have been made for investments of up to $2 billion across sectors including shipbuilding, maritime transport, port infrastructure, and water sports management.

The partnership aligns with Maharashtra’s long-term vision for blue economy–driven growth, aimed at boosting sustainable coastal development, trade, and tourism through modern maritime infrastructure.