DP World eyes investment opportunities over $1 bn in India

The statement further said that Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit being held in Ahmedabad.
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Home » News » Business

Jan 11, 2017, 07.27 PM | Source: PTI

DP World eyes investment opportunities over $1 bn in India

The statement further said that Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit being held in Ahmedabad.

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DP World eyes investment opportunities over $1 bn in India

The statement further said that Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit being held in Ahmedabad.

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DP World eyes investment opportunities over $1 bn in India
DP World Group today said it is eyeing investment opportunities of over USD 1 billion over the next few years in the port and logistics space in India.

"We are also looking for investment opportunities worth over USD 1 billion over the next few years offering our partners the opportunity to grow and expand their business. We remain committed to our operations in the country, which form an important part of our global network," DP World Group Chairman and CEO Sultan Ahmed Bin Sulayem was quoted as saying in a statement.

"Meanwhile, we are reinforcing our commitment to economic development through our operations in the country, where we have invested USD 1.2 billion to date, supporting over 30 per cent of India's container trade. Being one of the strongest emerging economies in the world, it offers immense potential for growth in maritime and inland trade," Sulayem said.

The statement further said that Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit being held in Ahmedabad.

Discussions highlighted the immense potential of India's growing economy and the nation's maritime and inland trade.

Sulayem also joined a Global CEOs' meeting at the Summit chaired by the Prime Minister.

He outlined the importance of the innovation and opportunities for investors in trade, logistics and the maritime sector. The conference hosted 35 foreign business leaders and 23 Indian industrialists.

DP World has invested in the development of 5 international gateway ports in India, the statement said.

"There is also a great need to reach internal markets, invest in cold storage facilities and networks, using coastal and inland waterways to increase efficiencies and lower costs," Sulayem said.

"By developing this transport infrastructure at existing ports, multi-modal transport including rail for freight and more use of waterways there will be a direct economic impact benefiting manufacturing and agriculture, those in cities and the rural farming community," Sulayem added.

DP World operates in multiple businesses from marine and inland terminals, maritime services, logistics and ancillary services to technology-driven trade solutions.

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DP World eyes investment opportunities over $1 bn in India

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