DP World plans to invest heavily in India

Jan 11, 2017: DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem met Prime Minister Narendra Modi at the 8th edition of the Vibrant Gujarat Global Summit held in Ahmedabad.

Recognizing the the immense potential of India’s growing economy and the nation’s maritime and inland trade, the global ports operator has expressed its intention to invest in India’s port infrastructure.

Bin Sulayem also joined a Global CEOs' meeting at the Summit chaired by the Prime Minister. He outlined the importance of the innovation and opportunities for investors in trade, logistics and the maritime sector. The conference hosted 35 foreign business leaders and 23 Indian industrialists.

“We are proud of the role we have played serving India’s growing economy for more than a decade, during which we have worked closely with the government to redefine the container terminal business by introducing new technologies, world class infrastructure and international operating practices,” said Sultan Ahmed Bin Sulayem, CEO, DP World Group

“DP World has invested in the development of 5 international gateway ports in India and we believe 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 internal markets, invest in cold storage facilities and networks, using coastal and inland waterways to increase efficiencies and lower costs. By developing this transport infrastructure – at existing ports, multi-modal transport including rail for freight and more use of waterways – there will be a direct economic impact benefitting manufacturing and agriculture, those in cities and the rural farming community,” he added.

“We are also looking for investment opportunities worth over US $1 billion over the next few years offering our partners the opportunity to grow and expand their business. We remain committed to our operations in the country, which form an important part of our global network,” he further said.