Mumbai, Oct. 31 -- In a significant boost to India's maritime growth, the Government of Maharashtra on Friday signed a Memorandum of Understanding (MoU) with the Abu Dhabi Ports Group and the Investment Resource & Presidential Office of Abu Dhabi, paving the way for up to USD 2 billion in investments across key maritime sectors, as per Maharashtra's Chief Minister's office.

The agreement aims to promote technological collaboration, port modernisation, logistics development, and maritime employment, marking a new phase of international cooperation between India and the UAE in the blue economy.

According to officials, the partnership will drive investment in diversified sectors, including shipbuilding, ship-breaking, water transport, port...