DPW partners fund to invest in India

Investment platform: The partnership will invest up to US$3 billion of equity to develop projects in the Indian port sector Investment platform: The partnership will invest up to US$3 billion of equity to develop projects in the Indian port sector
Industry Database

DP World and India’s National Investment and Infrastructure Fund (NIIF) have created a new platform to invest in ports, terminals, transportation and logistics businesses in the country.

The platform will invest up to US$3 billion of equity to acquire assets and develop projects in the sector. But it will also look at opportunities beyond sea ports such as river ports and transportation, freight corridors, port-led special economic zones, inland container terminals and logistics.

“We believe that our expertise in building best-in-class logistics infrastructure together with the NIIF’s local knowledge and government partnership is the right combination to take advantage of the significant growth opportunities in India,” said Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World.

Growth partnership

The new partnership follows the Memorandum of Understanding (MoU) signed in May 2017 by His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, during a visit to India in February 2016.

But the relationship between the operator the country and goes back even further than that. DP World has been a part of India’s growth story for nearly two decades.

“We are delighted to partner with DP World to create a platform which will aim to reduce the cost of moving cargo between port and origin/destination,” said Sujoy Bose, CEO, NIIF.

He pointed out that efficient logistics and cargo movement are critical components for the continued growth and development of the Indian economy and particularly, the manufacturing sector.

LATEST PRESS RELEASES

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam

Breakbulk Events & Media Supports Project Cargo Summit in Rotterdam Read more

Antwerp XL attracts key stakeholders from across the breakbulk industry

All new exhibition for the breakbulk sector, Antwerp XL, has received support from breakbulk special... Read more

Papeete launches smart port transformation with Ci5 First commercial success for the Cargo Intelligent System

The Papeete Port Authority (PAP) is entering the smart port era with Ci5, a Cargo Intelligent System... Read more

Jade Logistics leads Indonesian ports into a digital future

Christchurch, 06 July 2018 – PT Pelabuhan Indonesia I (Pelindo I) has chosen the terminal operating ... Read more

Gantrex has recently announced the launch of a whole new product category to its portfolio, the TrenchLok™ Cable Trench Cover.

Gantrex’ TrenchLok™ cable trench cover, efficiently and economically protects cranes’ power cables f... Read more

TGI Maritime Software launches «Hazardous» and «Yard Management» modules

TGI Maritime Software launches two complementary modules allowing yard optimization and hazardous co... Read more

View all