Maharashtra rolls out red carpet for shipbuilding investors, says Minister Nitesh Rane
Maharashtra Ports and Fisheries Minister Nitesh Rane was speaking at the '1 Trillion Economy Maharashtra' event organised by THE WEEK in Mumbai on Thursday
Maharashtra's Ports and Fisheries Minister Nitesh Rane announced that the state's new shipbuilding policy, modeled on those of Gujarat and Andhra Pradesh but aiming to offer even more incentives, is providing a significant boost to the sector by facilitating faster project approvals through single-window clearances and comprehensive government support for investors, including assistance with environmental and statutory clearances, with the ultimate goal of positioning Maharashtra among the top three maritime development states in India and creating an estimated 50,000 to 60,000 jobs in shipbuilding by 2030, inspired by the maritime legacy of Chhatrapati Shivaji Maharaj, while also emphasizing the state's ambition to expand cargo handling operations and attract leading players in the port industry, as demonstrated by the interest in attracting Adani to establish a port in Maharashtra.
Maharashtra's Ports and Fisheries Minister Nitesh Rane announced that the state's new shipbuilding policy, modeled on those of Gujarat and Andhra Pradesh but aiming to offer even more incentives, is providing a significant boost to the sector by facilitating faster project approvals through single-window clearances and comprehensive government support for investors, including assistance with environmental and statutory clearances, with the ultimate goal of positioning Maharashtra among the top three maritime development states in India and creating an estimated 50,000 to 60,000 jobs in shipbuilding by 2030, inspired by the maritime legacy of Chhatrapati Shivaji Maharaj, while also emphasizing the state's ambition to expand cargo handling operations and attract leading players in the port industry, as demonstrated by the interest in attracting Adani to establish a port in Maharashtra.
Maharashtra's Ports and Fisheries Minister Nitesh Rane announced that the state's new shipbuilding policy, modeled on those of Gujarat and Andhra Pradesh but aiming to offer even more incentives, is providing a significant boost to the sector by facilitating faster project approvals through single-window clearances and comprehensive government support for investors, including assistance with environmental and statutory clearances, with the ultimate goal of positioning Maharashtra among the top three maritime development states in India and creating an estimated 50,000 to 60,000 jobs in shipbuilding by 2030, inspired by the maritime legacy of Chhatrapati Shivaji Maharaj, while also emphasizing the state's ambition to expand cargo handling operations and attract leading players in the port industry, as demonstrated by the interest in attracting Adani to establish a port in Maharashtra.
Maharashtra's shipbuilding policy has given a major boost to the sector, with the state government offering investors a "red carpet" through single-window clearances and faster approvals for projects, Maharashtra Ports and Fisheries Minister Nitesh Rane said.
Speaking at the '1 Trillion Economy Maharashtra' event organised by THE WEEK in Mumbai on Thursday, Rane said investors looking to set up shipbuilding facilities in Maharashtra would receive government support at every stage, from environmental clearances to other statutory approvals, to ensure projects are implemented as quickly as possible.
He said that after closely studying the maritime policies of Gujarat and Andhra Pradesh, the Maharashtra government realised that both states had focused on expanding cargo operations to strengthen their position on the global maritime map.
"We in Maharashtra are also framing a policy for cargo handling through which we can open our doors to the best players from across the country and the world. Whatever Gujarat and Andhra Pradesh offer today, Maharashtra will be offering much more in the near future," Rane said.
The minister also said that after observing Adani's port in Gujarat, he wanted the company to establish a port in Maharashtra as well.
According to him, the port industry has now recognised Maharashtra as a state with significant investment potential, where projects can be implemented and executed efficiently.
Rane said Maharashtra aims to draw inspiration from Chhatrapati Shivaji Maharaj, who had established a strong navy.
"Whenever I interact with young people, I find that they are interested in jobs in the maritime and port sectors. Our chief minister has instructed the skill development ministry to introduce courses to prepare them for the new employment opportunities that will emerge in the port sector. We are looking to create around 50,000 to 60,000 jobs in the shipbuilding industry by 2030," he said.
The minister also said the first phase of the Mumbai Water Metro project would transform the way people travel in Mumbai.
He added that he wanted to be remembered as the minister who gave the highest priority to Maharashtra's ports sector and helped position the state among the top three states in maritime development in the country.