DP World to invest USD 1 billion in Indian logistics sector

DP World has committed $1 billion investment in Indian infrastructure, including logistics and container terminals.

Speaking at the India Integrated Transport and Logistics Summit 2017, Sultan Ahmed bin Sulayem, chief executive officer, DP World, said, “We have already invested $1 billion and will soon invest another $1 billion.”

Sulayem further said there was also a need to reach internal markets, invest in cold storage facilities and networks, as well as use coastal and inland waterways to increase efficiencies,

A few months ago, DP World had hinted at investment opportunities of over $1 billion in Indian ports and logistics. The Dubai-headquartered company now supports over 30% of India’s container trade.
Image credit : financialexpress.com

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