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India Maritime Week Opens in Mumbai With Rs 10 Lakh Crore MoU Push

Officials set out plans to sign 680 MoUs worth Rs 10 lakh crore to convert long‑term maritime goals into near‑term projects.

Overview

  • Amit Shah inaugurated the five‑day summit at Mumbai’s NESCO Centre, joined by Union ministers and the chief ministers of Maharashtra, Gujarat, Goa and Odisha.
  • The shipping ministry said 680 agreements are lined up across port‑led industrialisation, shipbuilding and repair, green fuels, logistics and digitisation, with the secretary citing multi‑lakh job creation potential.
  • Maharashtra announced 15 MoUs totaling Rs 56,000 crore, including expansions at Dighi and Jaigad ports, and plans for a water taxi link from the new Navi Mumbai airport and a world‑class marina.
  • The government framed targets of lifting port capacity toward 10,000 MTPA and becoming a top‑five shipbuilding nation by 2047, with Vadhvan billed as a future global top‑10 port and Great Nicobar flagged as a trade catalyst.
  • Organisers reported participation from 85+ countries with over 100,000 delegates and 500 exhibitors, and said Prime Minister Narendra Modi will address a special plenary and lead a Global CEO Forum on October 29.