DP World inks MoUs worth ₹25,000-cr with Gujarat govt.
DP World Group Chairman and CEO, Sultan Ahmed bin Sulayem, exchanged MoUs regarding potential investments in Gujarat with M K Das, Additional Chief Secretary, Government of Gujarat, in the presence of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE, and Prime Minister Narendra Modi.
The MoUs underline DP World’s dedication to facilitating trade in Gujarat. The initiatives include developing multi-purpose deep-draft ports in South Gujarat and along the western coast of Gujarat towards Kutch, establishing Special Economic Zones in Jamnagar and Kutch, and creating Gati Shakti Cargo Terminals (GCT) and Private Freight Stations at Dahej, Vadodara, Rajkot, Bedi, and Morbi. Additionally, DP World has signed an MoU with the Gujarat Maritime Board to jointly identify opportunities for developing additional ports along the coast of Gujarat.
Sultan Ahmed bin Sulayem, DP World Group Chairman and CEO, said, “We are very committed to India, where we have been operating for nearly 20 years. In that time, we invested almost $2.5 billion and we are going to invest more in the next 3 years in these projects. The policies of the government and our experience here is what gives us the confidence to do even more in India. We have also been present in Gujarat since 2003 and are proud to have been part of the state’s growth story. We are honoured to continue our partnership in the state by committing to strengthening its logistics and maritime infrastructure to further enable trade in Gujarat.”
DP World's existing investments in Gujarat include a container terminal in Mundra, along with rail connected private freight terminals at Ahmedabad and Hazira. This is complemented by cold storage facilities in Surat and Bharuch, freight forwarding offices in Ahmedabad and Gandhidham, and express cargo services across the state.
Additionally, DP World ensures global connectivity for businesses in the region by running weekly coastal services via DP World's Unifeeder Group, linking Mundra, Kandla, and Hazira ports to several international ports. The company recently launched a first-of-its-kind dedicated scheduled Rail Freight Service, ‘SARAL’ connecting traders from south Gujarat such as Surat, Vapi, Valsad Vadodara, Bharuch, Ankleshwar to the markets in and around North Capital Region (NCR).
