Mumbai is set to become a significant shipbuilding hub, with investments poised to create “Made-in-Mumbai” passenger vessels and cruise ships for both domestic and international markets. Maharashtra is establishing a robust ecosystem for ship design, building, repair, and training along its coast as part of India’s maritime growth strategy. At the recent India Global Maritime Summit 2025, the state secured MoUs worth ₹55,719 crore to enhance shipbuilding and port infrastructure, involving companies like Candela Technology and Synergy Shipbuilders.
Maharashtra’s Port Development and Maritime Minister, Nitesh Rane, highlighted that Candela will focus on passenger vessels, while Echandia Marine will develop advanced battery systems for eco-friendly ships. IIT Bombay plans to open a center for ship design and marine training, thereby enriching the local talent pool. Concurrently, Adani Ports and JSW Infrastructure have signed agreements to further develop Dighi and Jaigad ports, with international players exploring terminal development at Vadhvan.
Nationally, the India Maritime Week 2025 led to over 600 MoUs worth more than ₹12 lakh crore, aimed at bolstering India’s position as a global maritime leader. Union Minister Sarbananda Sonowal noted a 41% rise in investment commitments, driven by Prime Minister Modi’s vision for sustainable growth. The Shipping Corporation of India aims to expand its fleet significantly by 2047, while the Green Tug Programme plans to introduce 100 eco-friendly tugs by 2040. Together, these initiatives signal a transformative era for India’s maritime sector, with Mumbai at the forefront.
