Dubai – Mubasher: DP World and India's National Investment and Infrastructure Fund announced that they are considering jointly investing more than $3 billion in the South Asian nation.
The two companies have launched a platform to invest in India’s ports, terminals, transportation and logistics businesses, the Dubai-based port operator said on Monday in a statement.
Moreover, DP World’s investment platform will eye opportunities beyond seaports, including river ports and transportation, freight corridors, port-led special economic zones, inland container terminals, and logistics infrastructure including cold storage, Bloomberg reported, citing the company’s statement.
The investment plan comes in line with the growing relationship between the UAE and India.
In October 2017, a unit of Abu Dhabi Investment Authority had inked an agreement to invest $1 billion in a master fund of National Investment andInfrastructure Fund, becoming its first institutional investor.
