DP World chief sees potential for growth in India
Making ports more productive across India rather than building more greenfield sites is the way forward, said DP World group chairman and chief executive Sultan Ahmed Bin Sulayem at a summit in Ahmedabad, India.
Mr Bin Sulayem joined a global chief executive’s meeting at the summit, chaired by the prime minister of India Shri. Narendra Modi, to discuss the importance of innovation and opportunities for investors in trade, logistics and the maritime sector.
He said: “DP World has invested in the development of five international gateway ports in India and we believe that making ports more productive across the country rather than building more greenfield sites is the way forward.
“There is also a great need to reach international markets, invest in cold storage facilities and networks, using coastal and inland waterways to increase efficiencies and lower costs. By developing this transport infrastructure, there will be a direct economic impact benefitting manufacturing and agriculture in both cities and the rural farming community.”
Meanwhile, Mr Bin Sulayem added that DP World is reinforcing its commitment to economic development through its operations in the country, where it has invested $1.2bn to date, supporting more than 30% of India’s container trade.
Mr Bin Sulayem also revealed that DP World is looking for investment opportunities worth more than $1bn over the next few years, offering its partners the opportunity to grow and expand their business.
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