The transaction is expected to close in the first quarter of 2020.
Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade
Dubai-owned DP World operates several ports in South America, including a container terminal in Peru's Port Callao
The company has earmarked $1 bn towards investment in India, employed in growing logistics sector
The Dubai-based firm now supports over 30% of India's container trade