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

Pak Army Chief Targets India Again

This is not the first time that Munir has indulged in loose talk, exhibiting conduct unbecoming an officer….reports Asian Lite News Pakistan’s Chief of Army Staff (COAS) General Syed Asim Munir on

Relief for Students: US Visa Cancellations Paused

More than 1,500 student visas have been cancelled so far…reports Asian Lite News The United States on Friday abruptly paused the cancellation of student visas issued to international students, according to reports.

Yunus Must Be Treated Like Hasina, Warn Islamists

Islamist group made these warnings to the interim government, terming the women’s reform body proposals as “anti-Islamic…reports Asian Lite News The radical Islamist group in Bangladesh, Hefazat-e-Islam, has issued a threat, stating

UN: Bring Pahalgam Terrorists to Justice

The members of the Security Council “stressed that those responsible for these killings should be held accountable..reports Asian Lite News The Security Council has “condemned in the strongest terms” the Pahalgam terrorist
Go toTop

Don't Miss

QUAD 2022: Modi reiterates India’s stance on Ukraine

India on several bilateral and multiracial forums has said that

DEWA, TRANSCO to increase UAE’s water security

The move reinforces a shared national goal for creating strategic