Dubai-based DP World has pledged to invest an additional $5bn investment to strengthen the integrated supply chain network in India. This builds on the $3bn that DP World has already invested over nearly three decades.
The company in a statement said that these investments are focused on strengthening India’s infrastructure backbone, advancing multimodal connectivity, and enhancing the nation’s competitiveness in global trade.
The announcement follows the signing of five strategic MoUs that DP World signed in the presence of the Union Minister of Ports, Shipping and Waterways, Shri Sarbananda Sonowal.
The MoUs signed by DP World at the India Maritime Week span green coastal shipping, shipbuilding, ship repair, skill development, and advanced freight mobility.
Among the key partnerships, Unifeeder, a DP World company signed an MoU with Sagarmala Finance Corporation Limited to advance green coastal and short-sea shipping across India. This partnership will focus on developing and scaling commercially sustainable coastal shipping services.
Cochin Shipyard Limited and Drydocks World signed an agreement to expand and operate the International Ship Repair Facility in Kochi.
Furthermore, Cochin Shipyard Limited, Drydocks World – a DP World company, and Centre of Excellence in Maritime and Shipbuilding signed a tripartite MoU to jointly advance skill development in shipbuilding and repair, while Cochin Port Authority and DP World partner to enhance maritime infrastructure in Kerala.
Additionally, there was an agreement between Deendayal Port Authority, DP World, and Nevomo (MagRail) to enable the design and installation of a 750-metre MagRail Booster pilot track within the port, setting the stage for the next generation of automated, low-emission port operations in India.
Sultan Ahmed bin Sulayem, group chairman and chief executive officer of DP World, said: “This new investment combined with the strategic partnerships, reaffirm our commitment to advancing India’s maritime and logistics industry and cementing the nation’s position in global trade.
“Aimed at further lowering logistics costs, supporting local manufacturing, and expanding access to markets across the country, these initiatives will strengthen India’s innovative and sustainable maritime capabilities.”
