DP World reaffirms Indian commitment during PM's visit
DP World has reiterated the company's commitment to enabling India’s growth and economic development through its operations in the country, where it supports over 32% of India’s container trade, during the Indian PM’s visit to the country.
DP World is a market leader in Indian container terminal operations and has the largest portfolio of ports along the Indian coastline. The network includes terminals in Gujarat (Mundra), Maharashtra (Nhava Sheva), Kerala (Cochin), Tamil Nadu (Chennai) and Andhra Pradesh (Visakhapatnam).
Building on the historic ties and strong friendly relations between the UAE and India, DP World has established a strong market position in India, shaping the future of the maritime terminals industry and investing over US $2 billion.
Sultan Ahmed Bin Sulayem, DP World chairman welcomed the Indian Prime Minister Narendra Modi’s visit to the UAE, saying that as the UAE's second-largest trading partner, and with the UAE being India's third largest trading partner, the two countries shared a close relationship.
Trade between the two nations reached US $60-billion last year.
“The relationship between us has existed for centuries, and as one of the fastest growing emerging markets in the world we are proud to be part of its development efforts. We remain committed to our operations there which form an important part of our global network,” said Bin Sulayem.
“We have played a key role in serving India’s growing trade for more than a decade and helped redefine the container terminal business by introducing new technology, world class infrastructure and international operating practices,” he added.
DP World was the first private ports partner in India in 1997 with the Nhava Sheva container terminal at Jawaharlal Nehru Port in Mumbai. This partnership was further cemented in 2012 when the Jawaharlal Nehru Port Trust awarded DP World a concession to build another terminal at the port.
The 330m terminal project adds 800,000-teu to capacity in the region and is able to accommodate some of the largest vessels calling at Jawaharlal Nehru Port. The wharf is equipped with the world’s largest and most technologically advanced quay cranes and was constructed in record time.
DP World operates five container terminals in India with a total capacity of 4.8 million teu and quay length of 3,167m, a container rail service across the country and container freight stations.