¨
A MoU has
been signed Maharashtra government and the Abu Dhabi Ports Group and the
Investment Resource & Presidential Office of Abu Dhabi.
¨ The MoU aims to to strengthen maritime
cooperation between the two regions.
¨ The agreement aims to promote technological
exchange.
¨ It will help in upgrading port facilities
collaboration in the field of technology, port modernization, and logistics
development.
¨ The partnership includes investments worth up
to 2 billion US dollars.
¨ These funds will be used in sectors such as
shipbuilding, ship-breaking, water transport, and port infrastructure.
¨ Chief Minister Devendra Fadnavis presided
over the MoU signing and exchange ceremony.
¨ The collaboration will boost coastal development
in Maharashtra and attract major foreign investments to the state.
¨
The
strategic collaboration will also strenghthen Maharashtra’s reputation as a
leading maritime hub in India.
