DP World begins construction of Free Trade Warehousing Zone at JNP

DP World has begun construction of the US$78m Free Trade Warehousing Zone (FTWZ) project at Jawaharlal Nehru Port (JNP).

The project is the second investment under the Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF).

DP World owns 65% of the joint venture, while NIIF owns 35%, which was set up with the aim to invest up to US$3bn in ports, logistics and related sectors across the country.