DP World has committed $1 billion investment in Indian infrastructure, including logistics and container terminals. “We have already invested $1 billion and will soon invest another $1 billion,” Sultan Ahmed bin Sulayem, chief executive officer, DP World, said. There was also a need to reach internal markets, invest in cold storage facilities and networks, as well as use coastal and inland waterways to increase efficiencies, Sulayem said.
On a separate note, Shipping Minister, Nitin Gadkari said, The Centre plans to build 35 multi-modal logistics parks in the country to cater to 50% of freight movement. The parks will lead to a 10% reduction in transportation costs and a 12% reduction in carbon dioxide emissions.
Land parcels have been identified and pre-feasibility studies initiated at six locations. The parks will be developed jointly by the NHAI, National Highways Infrastructure Development Corporation and state governments.
Fifteen such logistics parks will be built in five years and 20 more in the next 10 years. The government is working on a uniform policy for the development of these parks. The transport ministry has sought infrastructure status for these parks.
[/vc_column_text]
