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.
📅Published on:
16 February 2018
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
