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Modi invites global CEOs to invest in green Hydrogen and green ports

by Kalpana Pandey
January 10, 2024
in News, Asia, Logistics, Supply Chain
Reading Time: 2 mins read
A A
Narendra Modi

The prime minister met Ahmed bin Sulayem, the Group Chairman & CEO of DP World. “They discussed DP World’s plans to further bolster investment in India, especially pertaining to creating sustainable, green, and energy-efficient ports, and world class sustainable logistic infrastructure,” the PMO said.

DP World had last year signed a concession agreement with the Deendayal Port Authority to develop, operate and maintain a new 2.19 million TEU per annum mega-container terminal at Kandla in Gujarat. The Dubai-based logistics company currently operates five container terminals in India — two in Mumbai, one each in Mundra, Cochin and Chennai — with a combined capacity of approximately 6 million TEUs.

Modi also met Keith Svendsen, CEO of A.P. Moller. “The PM welcomed their expansion plans in the GIFT City. Their discussions encompassed the crucial topics of green hydrogen and the development of logistics infrastructure,” the PMO said.

A day before inaugurating the Vibrant Gujarat Global Summit on January 10, the prime minister met executives of Suzuki Motor Corp, Micron Technology and AP Moller and discussed industry issues and investment opportunities.

Modi and Toshihiro Suzuki, Representative Director & President, Suzuki Motor Corp, “discussed Maruti Suzuki’s plans to make India a strong player in the global automotive market by exporting Made in India vehicles, along with deploying global best practices related to vehicle scrapping and vehicle recycling into India,” the Prime Minister’s Office said in a post on X.

Maruti Suzuki is looking to set up a second car manufacturing plant in Gujarat. This will be the firm’s fifth plant in the country.

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“Mr. Sanjay Mehrotra, the President and CEO of Micron Technology, held a meeting with PM @narendramodi in Gandhinagar. They discussed Micron’s efforts to enhance the semiconductor manufacturing ecosystem in India,” the PMO said in a separate post on X. US chip making giant Micron has started construction of a USD 2.75 billion semiconductor factory in Sanand, about 40-km from Ahmedabad. The plant, which will focus on transforming wafters into ball-grid arrays (BGA) integrated circuit packages, memory modules and solid-state drives, is expected to be ready by December this year.

Tags: DP WorldGIFT CityMaerskMaruti SuzukiMicron TechnologyNARENDRA MODISultan Ahmed Bin SulayemSuzuki Motor CorpVibrant Gujarat Summit
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The Maritime Gateway Editorial Team delivers trusted news, analysis, and insights on shipping, ports, logistics, supply chains, and global trade, backed by industry expertise and editorial review.

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