An Emirati delegation is visiting India to establish sustainable mechanisms to capitalise on the Comprehensive Economic Partnership Agreement (CEPA) between the Emirates and India. According to Mohammed Al Muallem, Executive Vice President of DP World, DP World’s market share in Indian logistics sector is on the rise.
He said that DP World has a large share of around 28% of the volume of import and export containers as it is the only operator with presence in 3 major ports in Chennai and Hyderabad. and its logistics assets cover major shipping centres such as the National Capital Region and the cities of Ahmedabad and Mumbai.
The Emirati multinational logistics company is further looking into expansion in India’s ports sector, including Nhava Sheva and Tuticorin ports.
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). 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