Anniversory Offer

    DP World- NIIF targets $ 3-bn infra investment

    National Investment & Infrastructure Fund (NIIF)
    Injecting a major booster to the country's infrastructure sector, DP World and India's National Investment & Infrastructure Fund (NIIF) have jointly decided to invest upto $3 billion across the country, Group Chairman and CEO of DP World Sultan Ahmed bin Sulayem said that one of the problems that it currently faces is in the last-mile delivery of cargo to the customers. The player is looking at alternatives of transporting cargo, such as inland waterways. India has an extensive network of rivers – the company is building special alternatives that can navigate these waterways. Currently 55-60% of Indian cargo currently moves by road, and only 5-10 percent is marine cargo. The inland waterways project, which the World Bank has invested, is picking up steam and will be a game changer for the logistics industry. The company is creating a platform that will offer customers an efficient way to transport cargo by investing substantial capital and combining it with global expertise to develop world-class facilities. The Indian government is investing heavily in infrastructure, which will drive growth in the logistics industry, Secretary of the Department of Industrial Policy & Promotion at India's Ministry of Commerce & Industry Ramesh Abhishek said in a recent statement.
    CURRENTLY ONLINE
    We have 245 guests and no members online

    NBM&CW

    New Building Material & Construction World

    New Building Material & Construction World
    MGS Architecture

    Modern Green Structures & Architecture

    Modern Green Structures & Architecture
    L&ST

    Lifting & Specialized Transport

    Lifting & Specialized Transport
    II&TW

    Indian Infrastructure & Tenders Week

    Indian Infrastructure & Tenders Week