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Logistics operator DP World has pledged to inject an additional USD 5 billion into India, reinforcing its integrated supply-chain network that serves both exports and domestic trade. This latest commitment supplements the USD 3 billion the company has already invested in the Indian market over the past thirty years. The funds will be directed at infrastructure, multimodal connectivity, local manufacturing support and market access. During India Maritime Week the firm signed MoUs covering green coastal shipping, shipbuilding, repair, skill development and advanced freight mobility.
Logistics operator DP World announced earlier this week that it will invest an additional USD 5 billion in India, aimed at strengthening its integrated supply-chain network which supports both exports and domestic trade. The company indicated that this is in addition to the USD 3 billion it has already committed in India over the past three decades. Advertisement
According to the company's statement, these investments will focus on reinforcing India's infrastructure backbone, advancing multimodal connectivity and enhancing the country's global-trade competitiveness. DP World said that by improving the logistics ecosystem, it hopes to support local manufacturing and expand access to markets across the country.
Sultan Ahmed bin Sulayem, Group Chairman & CEO of DP World, said the firm has been part of India's growth story for nearly thirty years and that the new investment along with strategic partnerships reaffirm its commitment to advancing India's maritime and logistics industry and cementing the nation's place in global trade. He noted that the initiatives are designed to lower logistics costs, back domestic manufacturing and expand market reach in India.
During India Maritime Week, DP World signed Memorandums of Understanding (MoUs) in key areas including green coastal shipping, ship-building, ship-repair, skill development and advanced freight mobility. These agreements are aimed at accelerating sustainable growth and improving efficiency in India's maritime and logistics sector.
This step builds on earlier moves by DP World and its partners; for example, a joint venture with National Investment & Infrastructure Fund (NIIF) had announced a significant investment in India's logistics and ports sector as far back as 2020.
Source PTI
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