May 17, 2022
1 min read

DP World’s market share in India’s ports sector estimated at 28%

DP World has a large market share in India’s ports sector, and its logistics assets cover major shipping centres such as the National Capital Region and the cities of Ahmedabad and Mumbai…reports Asian Lite News

Mohammed Al Muallem, Executive Vice President of DP World, said that DP World has a large market share in India’s ports sector, and its logistics assets cover major shipping centres such as the National Capital Region and the cities of Ahmedabad and Mumbai.

In Chennai and Hyderabad, DP World is the only operator with a presence in three major Indian ports and a market share of 28 percent of the volume of import and export containers, he added, noting that it can design and provide customised modular and standard logistics solutions.

In his statement to the Emirates News Agency (WAM), as part of an Emirati delegation visiting India to establish sustainable mechanisms to capitalise on the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, Al Muallem said that DP World is a leading company in managing container ports in India and has invested nearly US$500 million in a joint venture with the National Investment and Infrastructure Fund in India (NIIF).

ALSO READ: UAE’s Etisalat buys 9.8% stake in Vodafone

The company is also continuing to evaluate new opportunities in the country’s ports sector, including ongoing concession opportunities at Tuticorin and Nhava Sheva, he added. The total trade volume between Dubai and India across all modes of transport in 2021 amounted to more than 12.1 million tonnes, of which 8.6 million tonnes were imports, some 2.9 million tonnes were exports, and more than 607,000 tonnes were re-exports, he explained.

Previous Story

Pak govt stifling voices of critics: Imran

Next Story

Pak army is caught in a trap of its own making

Latest from -Top News

India-EU Trade Deal Breakthrough Soon?

Negotiators report increased momentum in discussions, which have been given a boost from US President Donald Trump’s tariff offensive…reports Asian Lite News India and the European Union aim to finalise a trade

Europe Seeks Peace in Gaza

European countries condemn Israeli interception of Gaza-bound flotilla, demand safety of citizens…reports Asian Lite News Israel’s interception of an international flotilla carrying humanitarian aid to Gaza has sparked condemnation across Europe, with

GAZA: Egypt to Host Peace Talks

Egypt hopes the discussions will help “end the war and the suffering of the brotherly Palestinian people, which has continued for two consecutive years…reports Asian Lite News Egypt will host Israeli and

‘My Injuries Made Me’

During his four-year battle with injury, the incumbent fast bowling spearhead made occasional appearances but couldn’t bear the workload and demands of red-ball cricket….reports Asian Lite News England tearaway Jofra Archer believes

Hegseth Cuts Deep

US Defense Secretary Hegseth abruptly fired Navy Chief Jon Harrison in a major Pentagon shake-up….reports Asian Lite News US Defense Secretary Pete Hegseth abruptly dismissed Jon Harrison, the Navy Chief of Staff,
Go toTop

Don't Miss

Cloud of confusion hovers over murder of Indian-American student

As the family continues to wait for more answers, they

UAE CELEBRATES INDIA@76

India’s Ambassador to the UAE Sunjay Sudhir led the celebrations