DP World to invest $1bn more in India's maritime infrastructure

Sergey Chernov

When it comes to India, DP World is not messing around. The terminal operator is spending big, pledging a further $1bn, thereby doubling the investment it has already made in the country. Chief executive Sultan Ahmed Bin Sulayem said the company was excited by the opportunities India presented, reports The Hindu Business Line. The company said it would be looking to spend the money on developing both the logistics sector and online transactions of customer services. “Our expertise can help India grow faster in this space as millions of tonnes of wheat and thousands of tonnes of fruits and vegetables get wasted here, in want of warehousing and storage,” Mr Sulayem added.