Jafza’s trade with India reaches over $ 3.4 billion in 2017
April 24, 2018: Trade between Jebel Ali Freezone (Jafza) and India reached new record worth over $3.4 billion in 2017. Latest figures from Jafza show
April 24, 2018: Trade between Jebel Ali Freezone (Jafza) and India reached new record worth over $3.4 billion in 2017.
Latest figures from Jafza show that over 788 Indian companies are trading from the freezone serving key markets in the region.
DP World has extensive business interests in India, including six container terminals, Inland Container Depots (ICD), warehouses and container rail freight services. Earlier this year it formed a strategic partnership with the National Investment and Infrastructure Fund (NIIF), to invest up to $3 billion in brownfield container terminals, long term greenfield container concessions, Inland Container Depots (ICDs) and expansion of existing inter-modal rail services for rolling stock. The first investment by the partnership was made in March this year when DP World joint venture Hindustan Infralog Private Limited (HIPL) acquired a 90 percent stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multimodal logistics company.
Sultan Ahmed Bin Sulayem, group chairman and CEO, DP World, said, “For almost 40 years Jebel Ali Port has played a pivotal role in supporting India’s trade with its global connectivity and world class facilities. India is our most important market and our operations support over 30 percent of the country’s container trade.”
The UAE is India's second largest trading partner, accounting for more than 10 percent of Indian exports. UAE-India trade was $52,685,000 in 2016-17. India was second largest trading partner of Dubai with $27 billion (AED 99 billion) worth of trade in 2017.