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

Mohammed Al Muallem, Govt Vice President of DP World, mentioned that DP World has a big market share in India’s ports sector, and its logistics belongings cowl main transport centres such because the Nationwide Capital Area and the cities of Ahmedabad and Mumbai.

In Chennai and Hyderabad, DP World is the one operator with a presence in three main Indian ports and a market share of 28 p.c of the amount of import and export containers, he added, noting that it might probably design and supply customised modular and customary logistics options.

In his assertion to the Emirates Information Company (WAM), as a part of an Emirati delegation visiting India to ascertain sustainable mechanisms to capitalise on the Complete Financial Partnership Settlement (CEPA) between the 2 nations, Al Muallem mentioned that DP World is a number one firm in managing container ports in India and has invested practically US$500 million in a three way partnership with the Nationwide Funding and Infrastructure Fund in India (NIIF).

The corporate can also be persevering with to judge new alternatives within the nation’s ports sector, together with ongoing concession alternatives at Tuticorin and Nhava Sheva, he added. The overall commerce quantity between Dubai and India throughout all modes of transport in 2021 amounted to greater than 12.1 million tonnes, of which 8.6 million tonnes had been imports, some 2.9 million tonnes had been exports, and greater than 607,000 tonnes had been re-exports, he defined.
Supply: Emirates Information Company

Supply hyperlink

Leave a Comment