Maharashtra attracts investments across facets of maritime sector at Maritime India Summit

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Mumbai, April 15, 2016: Maharashtra Maritime Board  today inked pacts with several companies to develop port led projects across its coast in the presence of Chief Minister Devendra Fadnavis at the Maritime India Summit on Friday.

Projects include:

  • Setting up of a separate captive jetty at Revdanda by Indo Energy International for thermal power project as also by JSW Infrastructure for its steel project – Rs 1640 crore investment
  • RORO service, LNG terminal and PVC plant at Dighi Port – Rs 1200 crore investment
  • Development of jetty at Mankhurd near Sion -Panvel road by Yogayatan group and a floatel in Mumbai by WB International – Rs 7400 crore investmment in phases

JNPT also signed a pact at the same venue with MTDC for an amphibian bus service in Mumbai which will be procured by JNPT and operated by MTDC.

JNPT also signed 24 other MOUs worth several crores at the summit. These include:

  • Food and steel processing unit by Roopam group at Jalna for Rs 135 crore,
  • Development of Free Trade Warehousing Zone by LMJ Logistics for Rs 100 crore,
  • Ihina Industrial & Logistics Park Private Limited for Rs 200 crore,
  • JWR Logistics Pvt. Ltd for Rs 250 crore,
  • Arshiya Ltd for Rs 500 crore,
  • Monopoly Innovations for a Biodiesel project for Rs 759 crore, and
  • Edible oil and biodiesel project by Emami Agrotech Ltd for Rs 475 crore.

Speaking at the session, Chief Minister Fadnavis said, “Maharashtra has come with a new Port Policy with 360 degree approach that covers all the facets of maritime business and the basis of the policy is ease of doing business. Port led development has huge potential but was untapped.”

Accepting the policy of Swiss challenge, Maharashtra has identified several locations where green field port can come up and investors will have a claim for their innovative ideas and concepts for such projects, Fadnavis said.

Connecting Nagpur with JNPT through a super expressway across 14 districts, Fadnavis said it will seamlessly connect the region and change the state of the economy as the entire stretch of super expressway will be developed as an economic zone accomplishing the dream of port led development.

Goa Chief Minister Laxmikant Parsekar said, “We have investment promotion policy wherein we encourage investment that are environment friendly and open up employment avenues. In the past 14 months, we have approved 84 projects that are expected to generate employment for 50,000 persons in five years.”

Goa also intends to develop one marina each in two of its districts along with development of Chapora river, Parsekar said. (ENDS)