DP World To Invest $1 Bn More In India Maritime Infra: CEO

DP World can help India augment its marine infrastructure as it has helped Dubai, he added. 

He said Dubai has made its custom clearance processes online and around 10,000 transactions are completed in 100 days. 

Traders in Dubai do not have to step out of their offices for any kind of custom clearances and everything is done online, he said. 

Being one of the strongest emerging economies in the world, it offers immense potential for growth in maritime and inland trade, Sulayem added. 

He said that free trade zone in Dubai contributed 25 pct of the country's GDP and DP World was expert in developing industrial parks and had developed a logistics park in UK and was ready to do the same here. 

DP World has invested in the development of five international gateway ports in India. There is also a great need to reach internal markets, invest in cold storage facilities and networks, as well as using coastal and inland waterways to increase efficiencies and lower costs, Sulayem noted. 

He said by developing this transport infrastructure at existing ports, multi-modal transport including rail for freight and more use of waterways, there will be a direct economic impact benefiting manufacturing and agriculture sectors. 

DP World also entered into a partnership with NIIF here.

Read Also:
India's IT Infra Spend To Reach $2.2 Bn In 2017: Gartner
Ola Raises 670 Crore, As Ratan Tata's Fund, Falcon Edge Back Cab-Hailing App