Never miss a great news story!
Get instant notifications from Economic Times
AllowNot now


You can switch off notifications anytime using browser settings.
11,895.5011.0
Stock Analysis, IPO, Mutual Funds, Bonds & More

India, UAE trade to expand on initiatives like e2e: DP World

It said DP World remains committed to India''s vision of ''Make in India'', and Dubai's ambition to remain the regions top trading hub and India''s gateway to global markets.

PTI|
Jul 17, 2019, 06.11 PM IST
0Comments
BCCL
India
The e2e solutions delivered under the India-UAE Bridge will support investors through value propositions by leveraging assets and capabilities in both countries, it said.
Global trade enabler DP World said Wednesday that it has launched initiatives such as end-to-end trade solutions, which may boost trade and investment between India and the UAE.
India is one of the UAE''s largest trade partners with bilateral trade amounting to over USD 60 billion and annual growth topping 11 per cent.

"The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region," DP World said in a statement.

The statement said the recent launch of the India-UAE Bridge initiatives are set to attract trade and investments for both Indian and the UAE, as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity.

It said DP World remains committed to India''s vision of ''Make in India'', and Dubai's ambition to remain the regions top trading hub and India''s gateway to global markets.

The e2e solutions delivered under the India-UAE Bridge will support investors through value propositions by leveraging assets and capabilities in both countries, it said.

The company added that this aims to enhance access to larger consumer markets through Jebel Ali''s network connectivity being 150 direct ports of call, more than 80 weekly services and a global portfolio of over 150 operations in over 40 countries across six continents.

Mohammed Al Muallem, CEO and Managing Director, DP World (UAE Region) and CEO of Jafza, said, "India and the UAE have enjoyed long and enduring cordial business and trade relations over the years, making India one of our top three trading partners. Long-term investment flows in both directions and is the hallmark of trust we place in each other.

"We aim to work in partnership with stakeholders to create value and explore opportunities with Jebel Ali Port and Jafza acting as a springboard for investors in both countries."

In 2018, DP World''s USD 3-billion joint investment fund with India''s National Investment and Infrastructure Fund was set to acquire assets and develop projects in sea and river ports, freight corridors, special economic zones, inland container terminals and logistics infrastructure such as cold storage.

Also Read

Sical in talks with DP World, others to sell its port assets

DP World acquires 76% stake in KRIL

Continental Warehousing Corporation acquired by DP world and NIIF

DP World, NIIF win bid to build Free Trade Warehousing Zone at JNPT Mumbai for USD 78 mn

Comments
Add Your Comments
Commenting feature is disabled in your country/region.
Download The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.

Other useful Links


Follow us on


Download et app


Copyright © 2019 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service