DP World extends partnership with India’s National Investment and Infrastructure Fund

DP World and India’s National Investment and Infrastructure Fund (NIIF) have broadened their existing partnership with NIIF Master Fund investing primary capital of INR22.5bn (US$300m) for a shareholding of approximately 22.5% in Hindustan Ports Private Limited (HPPL).

HPPL, which is a wholly owned subsidiary of DP World, operates five container terminals across India, managing more than 5m teu of capacity and representing a market share of over 20%.

Its facilities are located in “strategic growth’ locations with two in Mumbai and one each in Mundra, Chennai and Cochin.