Global port operator DP World has reiterated its commitment to continue investing in India’s rapidly expanding marine terminal sector. The Dubai-based group operates terminals at Kochi, Chennai, Vishakapatnam, Mumbai and Mundra in India.
Sultan Ahmed Bin Sulayem, chairman of Dubai World and DP World, accompanied by Mohammed Sharaf, Chief Executive Officer, DP World, last week met Indian President Pratibha Patil, who was on a four-day official visit to the UAE.
Their talks focused on the historic and friendly relations between the two countries and the important role DP World has played in facilitating trade through the five marine terminals it operates across India.
Bin Sulayem briefed Patil on the new deep water International Container Transshipment Terminal in Vallarpadam in the southern state of Kerala, scheduled to open by the end of the year.
He said India has always been an important commercial partner of the UAE and a preferred destination for DP World’s investments in port infrastructure. “Our upcoming development in Vallarpadam in southern India is an example of this,” Bin Sulayem added.
The meeting with the Indian leader was attended by top officials of DP World and senior aides accompanying her. President Patil commended the warm and friendly relations between India and the UAE.
Sharaf said DP World’s investments in India had been one of its major success stories.
“Our developments and expansion in five major ports on India’s east and west coasts follow a unique pattern of integrated management that promote the port business and bring direct benefits to the local communities.”
“Vallarpadam will be the largest single operator container terminal in India and the first in the country to operate in a special economic zone; the new terminal will make Kochi a key centre in the shipping world, reducing India’s dependence on foreign ports to handle transshipment,” he added.
Sultan Ahmed Bin Sulayem, chairman of Dubai World and DP World, accompanied by Mohammed Sharaf, Chief Executive Officer, DP World, last week met Indian President Pratibha Patil, who was on a four-day official visit to the UAE.
Their talks focused on the historic and friendly relations between the two countries and the important role DP World has played in facilitating trade through the five marine terminals it operates across India.
Bin Sulayem briefed Patil on the new deep water International Container Transshipment Terminal in Vallarpadam in the southern state of Kerala, scheduled to open by the end of the year.
He said India has always been an important commercial partner of the UAE and a preferred destination for DP World’s investments in port infrastructure. “Our upcoming development in Vallarpadam in southern India is an example of this,” Bin Sulayem added.
The meeting with the Indian leader was attended by top officials of DP World and senior aides accompanying her. President Patil commended the warm and friendly relations between India and the UAE.
Sharaf said DP World’s investments in India had been one of its major success stories.
“Our developments and expansion in five major ports on India’s east and west coasts follow a unique pattern of integrated management that promote the port business and bring direct benefits to the local communities.”
“Vallarpadam will be the largest single operator container terminal in India and the first in the country to operate in a special economic zone; the new terminal will make Kochi a key centre in the shipping world, reducing India’s dependence on foreign ports to handle transshipment,” he added.