Global trade enabler DP World has announced that it seeks opportunities in India worth over $ 1bn over the next few years. The Group has already invested capital of $1.2bn and is currently the only foreign operator with six port concessions in the country with approximately 30% market share.
The announcement was made during a visit to New Delhi and Mumbai by Sheikh Mohammed Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the Armed Forces of the United Arab Emirates (UAE), and Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The DP World investments could cover:
• Expansion in brownfield container terminals
• Long term greenfield container concessions
• Inland Container Depots (ICDs)
• Expansion of existing inter - modal rail services for rolling stock
DP World India employs 3,000 people across terminals in India – locally recruited and trained at six terminals. In India, DP World has built up a strong market position and has invested USD 1.2 billion to date. DP World is a market leader in Indian container terminal operations. With the largest portfolio of investments in ports along the Indian coastline, company defines port logistics infrastructure in the country. DP World portfolio stretches across ports in Gujarat (Mundra, 2003), Maharashtra (Nhava Sheva, 1999 and 2012), Kerala (Cochin, 2005), Tamil Nadu (Chennai, 200 1), Andhra Pradesh (Vishakapatnam, 2002). DP World supports close to 30% of India’s container trade.