DP World eyes infrastructure investments in India
Terminal operator DP World is looking to invest up to $1bn in India in the coming years with a focus on developing infrastructure around existing ports, according to the group’s chairman, Sultan Ahmed Bin Sulayem.
According to MANA, “DP World has invested in the development of five international gateway ports in India and we believe making ports more productive across the country, rather than building more greenfield sites, is the way forward,” said Bin Sulayem
Last year India’s Finance Minister Arun Jaitley said the country needed $1.5trn over the next 10 years to bridge the country’s infrastructure gap.
Bin Sulayem said: “We are also looking for investment opportunities worth over $1bn 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 has already invested some $1.2bn in India; its network stretches across ports in Gujarat (Mundra, 2003), Maharashtra (Nhava Sheva, 1999 and 2012), Kerala (Cochin, 2005), Tamil Nadu (Chennai, 2001), Andhra Pradesh (Vishakapatnam, 2002).
Last year India’s Finance Minister Arun Jaitley said the country needed $1.5trn over the next 10 years to bridge the country’s infrastructure gap.
Bin Sulayem said: “We are also looking for investment opportunities worth over $1bn 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 has already invested some $1.2bn in India; its network stretches across ports in Gujarat (Mundra, 2003), Maharashtra (Nhava Sheva, 1999 and 2012), Kerala (Cochin, 2005), Tamil Nadu (Chennai, 2001), Andhra Pradesh (Vishakapatnam, 2002).