DP World

Tamil Nadu is one of the best states in the country for an economic zone as the state is one of the most industrialised in India, a senior official of global logistics company DP World has said. DP World has started operations at its largest free trade warehouse zone in India in Chennai. The Chennai facility is the company's second free trade warehouse zone (FTWZ) in India after Mumbai that was established 18 months old. DP World's CEO -- Economic Zones, India Subcontinent and MENA, Ranjit Ray, said Chennai also has strategic advantages since it is connected to South Asia, Africa, Australia via the sea route. "Tamil Nadu is one of the best states in the country for an economic zone. We just started business and now have 15 per cent occupancy in six months," he said. DP World's Chennai economic zone is spread over 6 lakh sq ft with a potential to grow to 2 million sq ft. Tamil Nadu has been one of the most industrialised states in the country for the last 40-50 years, Ray said. D

Global logistics management and services firm DP World will build a container terminal in Gujarat and is committed to further investments in India, the company's Chairman Sultan Ahmed bin Sulayem said on Wednesday. Addressing the Vibrant Gujarat Global Summit here, he said the company will continue to partner with the Indian logistics sector and support manufacturing industries in Gujarat and the rest of India to make Indian goods globally competitive and accessible. DP World started its operation in Gujarat in 2003 with opening of the Mundra International Container terminal, he said. "We have invested in the state of Gujarat as well in other state in India, to the tune of USD 2.5 billion..." bin Sulayem said. These investments were on various activities such as development of multimodal logistics ecosystem, container freight station, inland terminal contract logistic, cold chain and acute first cargo services, among others. "DP World is planning in the next few years to invest in

The Centre foresees the strategic location of the terminal as an aid in its pursuit to reduce container logistics costs within the country

Logistics company DP World on Friday announced entering into a partnership with Delhi Capitals cricket team of Indian Premier League (IPL). "DP World is now the Global Logistics Partner of the popular cricket franchise. As part of the long-term partnership, it will provide the necessary logistical support and expertise to Delhi Capitals team throughout the season," the company said in a statement. Under the partnership, the branding of DP World will also be carried by the team on their match jerseys as well as training gears, it said. Rizwan Soomar, CEO & MD India Subcontinent & Sub-Saharan Africa, DP World, said: "Over the years, cricket has transformed itself, with ever evolving formats unlocking enormous potential for players across the world and making the game engaging and exciting for a diverse set of audiences. Similarly, DP World is relentlessly focused on innovation, constantly seeking out new opportunities to revolutionise global trade and open opportunities for our .

This is the single largest investment by NIIF's master fund and takes the vehicle's total investment in DP World's India arms to $500 million, as per an official statement

Will be setting up a new container terminal, cold storage and sea food processing zone among other units; 4,500 to be created

The tenders of VO Chidambaranar Port Trust and Paradip Port have received interest from Adani Ports and Special Economic Zone, Dubai government-owned DP World, Essar, and others

NSBP, a special purpose vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ

The transaction is expected to close in the first quarter of 2020.

Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade

Dubai-owned DP World operates several ports in South America, including a container terminal in Peru's Port Callao

The company has earmarked $1 bn towards investment in India, employed in growing logistics sector

The Dubai-based firm now supports over 30% of India's container trade