Adani Group to invest ₹42,500 crore in Dighi port expansion

The Adani Group has announced a landmark investment of ₹42,500 crore to expand and modernise Dighi Port in Maharashtra’s Konkan region, marking one of the largest private sector commitments in India’s maritime sector. The announcement followed the signing of a Memorandum of Understanding (MoU) between Adani Ports and Special Economic Zone Ltd (APSEZ) and the Government of Maharashtra on the opening day of India Maritime Week 2025 in Mumbai.

Speaking on the occasion, Chief Minister Devendra Fadnavis said the MoU with Adani Group is part of a larger package of 15 maritime agreements signed by the state government, together valued at over ₹56,000 crore. These agreements, he said, are aimed at positioning Maharashtra as a “maritime superpower” through large-scale port expansion, shipyard development, and technological innovation in maritime logistics and services.

“The MoUs signed today reflect our vision to transform Maharashtra into a global maritime hub. These investments will strengthen supply chain integration, attract new industries, and create significant employment opportunities,” Fadnavis said.

Adani’s fresh investment marks a major escalation from its earlier plans. The group, led by Gautam Adani, had acquired the bankrupt Dighi Port in 2021 through a ₹705-crore resolution bid and initially committed around ₹10,000 crore for redevelopment. The new ₹42,500-crore plan signals a much broader ambition — including the creation of a large industrial and logistics zone around the port in collaboration with the central government, designed to boost regional manufacturing and exports.

Alongside Adani’s investment, several other major maritime commitments were announced during the event:

• JSW Group pledged ₹3,709 crore to expand operations at Jaigad Port.
• Chowgule Group committed ₹5,000 crore for shipbuilding and repair facilities.
• Synergy Shipbuilders and Goa Shipyard Ltd will invest ₹1,000 crore and ₹2,000 crore, respectively, in maritime infrastructure projects.

The Maharashtra government also revealed plans for India’s first urban “water taxi” service, linking the Navi Mumbai International Airport — developed by the Adani Group — with the Gateway of India. Additionally, a world-class marina in Mumbai is under development to promote coastal tourism, water transport, and recreational boating.

Fadnavis highlighted growing international interest in the state’s maritime sector, noting ongoing discussions with investors from the UAE, the Netherlands, and Sweden. He also announced a partnership with the Indian Institute of Technology Bombay (IIT-Bombay) to set up maritime training and skill development centres.

“Maharashtra is fully committed to providing an enabling environment for maritime business. We will work hand-in-hand with the central government and industry to ensure every investor finds success here,” the Chief Minister affirmed.

The initiative aligns with the Union Government’s target of securing ₹10 lakh crore in investment commitments during India Maritime Week 2025, underscoring the pivotal role of ports, shipping, and logistics in advancing India’s trade and economic growth agenda.