DP World has signed a Memorandum of Understanding (MoU) with India’s National Investment and Infrastructure (NIIF) to help to develop the country’s logistics sector.
The terminal operator announced in February 2016 that it was seeking opportunities in India worth over US$1bn over the next few years.
This will be aimed at projects including development of port infrastructure under the government’s Sagarmala plan as well as the creation of the Delhi – Mumbai industrial corridor.
Other potential investments include projects in river transportation and cold chain storage, port-led special economic zones, free trade zones, internal container depots (ICDs) and cruise terminals.
DP World group chairman and CEO, Sultan Ahmed bin Sulayem, stated: “One of the key priorities of the Indian government is preventing the loss of agricultural produce.
“This can be managed through adequate marine and warehousing infrastructure including cold storage as well as development of inland waterways, reducing logistics costs at the same time.”
The partnership with the government could help to provide “cost effective logistics and warehousing solutions to India’s growing export and import trade,” he added.