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 Tightens Checks on Chinese Imports

India has ramped up monitoring of Chinese imports amid growing concerns of cheap goods being redirected into the Indian market following the United States’ steep tariff hike on Chinese exports. Commerce Secretary

Economists Warn of Impending US Recession

Leading global brokerages and economists are sounding alarm bells over the likelihood of a US recession, following the Donald Trump administration’s announcement of sweeping reciprocal tariffs on foreign imports. JPMorgan Chase &

Trump tariffs send world markets into panic

US benchmark crude oil shed $2.70 to $64.25 a barrel after major oil producers announced they plan to increase production. Brent crude, the international standard, was down $2.63 at $67.51 a barrel
Go toTop

Don't Miss

Dubai’s non-oil trade hits Dh2T ahead of deadline

Dubai Ruler credited the record accomplishment to the strategic initiatives,

First UAE Analog Mission completes successfully

The Mohammed bin Rashid Space Centre (MBRSC) announced the accomplishment