DP World to invest $1 bn in Indian logistics sector

The Dubai-based firm now supports over 30% of India's container trade

The UAE-based DP World has committed $1 billion investment in Indian infrastructure, including logistics and container terminals.

"We have already invested $1 billion and will soon invest another $1 billion," Sultan Ahmed bin Sulayem, chief executive officer, DP World, said at the India Integrated Transport and Logistics Summit 2017.
 

DP World runs marine and inland terminals and offers maritime, logistics, ancillary and technology-driven trade services. It has invested in five international ports in India.
 

There was also a need to reach internal markets, invest in cold storage facilities and networks, as well as use coastal and inland waterways to increase