DP World and India's NIIF to invest up to $3bn in ports, terminals, transportation and logistics

By James Henderson
Global port operator, DP World and India’s NIIF have established a platform to invest in ports, terminals, transportation and logistics businesses in...

Global port operator, DP World and India’s NIIF have established a platform to invest in ports, terminals, transportation and logistics businesses in India.

The platform will invest up to $3bn of equity to acquire assets and develop projects in the sector.

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

The platform 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 infrastructure including cold storage. 

Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: “DP World has been a part of India’s growth story for nearly two decades and we are delighted to continue our success by joining forces with a strong strategic partner, the National Investment and Infrastructure Fund (NIIF).

SEE ALSO:

“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.”

Sujoy Bose, CEO, National Investment and Infrastructure Fund, said: “Efficient logistics and cargo movement are critical components for the continued growth and development of the Indian economy, and particularly the manufacturing sector.

“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.

“This is NIIF’s first investment and is a good example of how NIIF can work with international capital and expertise to invest at scale to build critical infrastructure in India.” 

Share

Featured Articles

DHL Express in Heathrow gorilla logistics triumph

DHL Express specialist logistics staff help ship Kiburi the silverback gorilla to Heathrow as part of London Zoo endangered species breeding programme

Global customs staffing issues hitting supply chains - EY

Dan Dreyfus of EY says labour shortages are impacting customs and border agencies, who are integral to the the smooth running of supply chains

Latest China Covid outbreak poses supply chain threat

Supply chains managers eye latest China Covid lockdowns with dread as huge tracts of country are shut down, threatening manufacturing and container ports

Automotive suppliers ecosystem set for change - Accenture

Technology

Logistics news round-up from Europe, US & Asia

Logistics

Retailers 'plan for slumps but not supply chain disruption'

Technology