Indian state to receive new ports and cargo terminals

DP World

DP World will strengthen its commitment to supporting Gujarat, an Indian state known as an important centre for ocean trade.

The global logistics company has signed Memorandums of Understanding (MoUs) worth ₹250 billion INR ($3 billion USD) with the Government of Gujarat, covering the development of new ports, terminals and economic zones, highlighting Gujarat’s potential as the growth engine of the country.

“We are honoured to continue our partnership in the state by committing to strengthening its logistics and maritime infrastructure to further enable trade,” said Chairman and CEO, DP World, Sultan Ahmed bin Sulayem, adding that the company has been operating in India for almost 20 years and in that time, has invested almost $2.5 billion USD.

An official ceremony took place at the Vibrant Gujarat Global Summit in the presence of the President of UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan and the Prime Minister of India, Narendra Modi.

The MoUs. underscore DP World’s commitment to facilitating trade in Gujarat by developing:

• Multi-purpose deep-draft ports in South Gujarat and around the western coast of Gujarat towards Kutch.
• Special Economic Zones in Jamnagar and Kutch.
• Gati Shakti Cargo Terminals and Private Freight Stations at Dahej, Vadodara, Rajkot, Bedi and Morbi.

DP World has also signed an MoU with Gujarat Maritime Board to jointly identify opportunities to develop additional ports along the coast of Gujarat.

DP World’s existing investments in Gujarat include a container terminal in Mundra, along with rail connected private freight terminals at Ahmedabad and Hazira. This is complemented by cold storage facilities in Surat and Bharuch, freight forwarding offices in Ahmedabad and Gandhidham and express cargo services across the state.

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