Dubai: DP World, the Dubai-based ports operator, held talks with India’s Tata Group to explore opportunities for cooperation, knowledge sharing and best practice.
The meeting, held between Sultan Bin Sulayem, DP World Group chairman and chief executive officer, and senior executives from Tata also discussed logistics and supply chain operations, innovative customer care and creating sustainable services.
“We believe that both our companies can benefit through exchange of knowledge and know-how, sharing expertise and experience in areas that deliver solutions to India’s growing economy and trade,” Bin Sulayem said in a statement on Wednesday.
DP World has business interests in India, including six container terminals, inland container depots, warehouses and container rail freight services. It also recently acquired a 90 per cent stake in Continental Warehousing Corporation through a joint venture it has with India’s National Investment and Infrastructure Fund (NIIF).
The joint venture between DP World and NIIF will invest up to $3 billion (Dh11 billion) in ports, terminals, transportation and logistics businesses in India.
During the talks between DP World and Tata, the ports operator highlighted operational efficiencies in Terminal 3 of Jebel Ali Port and Free Zone where capacity was increased by 1.5 million twenty-foot equivalent container units (TEUs) last year as volumes recovered.
Indian container imports at DP World-operated Jebel Ali Port have increased annually in the past four years to reach 254,000 TEUs in 2017, while exports reached 132,000 TEUs.
