DP World to invest $3bn to develop new ports in India’s Gujarat

DP World to invest $3bn to develop new ports in India’s Gujarat

Dubai’s DP World plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years. The memorandums of understanding (MoUs) include the development of multi-purpose deep-draft ports in south and western coasts of Gujarat; special economic zones in Jamnagar and Kutch; and gati […]Dubai’s DP World plans to invest $3 billion to develop new ports, terminals and economic zones in India’s western state of Gujarat over the next three years.

The memorandums of understanding (MoUs) include the development of multi-purpose deep-draft ports in south and western coasts of Gujarat; special economic zones in Jamnagar and Kutch; and gati shakti cargo terminals and private freight stations at Dahej, Vadodara, Rajkot, Bedi and Morbi, the port operator told the UAE state-run Wam news agency.

“We are very committed to India, where we have been operating for nearly 20 years,” DP World group chairman and CEO Sultan Ahmed bin Sulayem said at the Vibrant Gujarat Global Summit in Gandhinagar, Gujarat.

“In that time, we invested almost $2.5 billion and we are going to invest more in the next three years in these projects. The policies of the government and our experience here is what