Mohammad Bin Zayed inaugurates DP World facility in Mumbai

Mumbai: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, inaugurated the DP World facility in the Jawaharlal Nehru Port in Mumbai on Friday night.

The ceremony was held during a Mumbai reception for businessmen from the UAE and India hosted by the UAE Embassy in India.

The Port of Nhava Sheva (or Jawaharlal Nehru Port) is India's largest port handling almost half of the country's maritime traffic. DP World Nhava Sheva, India's first privately-managed container terminal, is the DP World's flagship operation in the Subcontinent.

During the ceremony, Shaikh Mohammad Bin Zayed said: “I am fully convinced that such meetings between the UAE-Indian businessmen will propel our relations forward and build on the political relations by forging unique economic relations".

He added: "What makes me sure of this is the Indian keenness to deepen the strategic bilateral relations."

Shaikh Mohammad listened to some Indian businessmen and industry leaders who thanked him for his visit and expressed immense appreciation for the UAE's keenness to widen the scope of cooperation with India.

The UAE-Indian businessmen expressed their willingness to build new diversified and stable economic partnerships and achieve record numbers of mutual commercial exchanges as both countries have a lot of mutual interests.

Earlier on Friday, Shaikh Mohammad Bin Zayed also attended a special bell-ringing ceremony at the Bombay Stock Exchange (BSE).

Shaikh Mohammad, who is in India on a three-day state visit, rang the ceremonial gong at the BSE following a welcome ceremony by Harshvardhan Neotia, president of Federation of Indian Chambers of Commerce and Industries (Ficci).

Afterwards, Shaikh Mohammad toured the stock exchange's IT infrastructure and posed for a photo in front of the iconic BSE bull.

Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince, Lieutenant General Shaikh Saif Bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, Shaikh Hamed Bin Zayed Al Nahyan, Chief of Abu Dhabi Crown Prince’s Court, Dr Anwar Mohammad Gargash, Minister of State for Foreign Affairs, Sultan Al Mansouri, Minister of Economy, other top ministers and officials were present, along with a delegation of UAE and Indian business leaders.

Established in 1875, BSE is Asia’s oldest stock exchange and the world's fastest stock exchange with a median trade speed of 6 microseconds. There are more than 5,500 companies publicly listed on the BSE.