HomeShipping & LogisticsDP world to invest $510 million in India

DP world to invest $510 million in India

Published on

The concession agreement for the development of the Tuna-Tekra mega container terminal at Deendayal Port in Gujarat, was recently signed at GMIS-2023. 

With an annual capacity of 2.19 million containers, the terminal at Tuna Tekra will have a 1,100m berth capable of efficiently handling vessels with over 18,000 containers and cater to India’s rising trade demand. 

This is said to further support the growing demand for logistics solutions from across Northern, Western and Central India, and connect businesses in the regions to global markets.

The concession agreement was signed between MD & CEO, India Subcontinent, Middle East and North Africa, Mr. Rizwan S., and Chairman of Deendayal Port Authority, Mr. S. K. Mehta, in the presence of  Chairman and CEO, Sultan Ahmed Bin Sulayem; India’s Minister for Ports, Shipping and Waterways, Mr. Sarbananda Sonowal; and Minister of State for Ports, Shipping and Waterways, Mr. Shantanu Thakur.

spot_img

Latest articles

Dont’t Just Travel, Tra-Well!

In a soft but steady voice, Founder of ThinkTrawell Tourism & Tech Pvt. Ltd.,...

Brandix a Shining Symbol of Women Empowerment: India’s Textile Minister

Union minister for Textiles, Mr Giriraj Singh was in Visakhapatnam today wherein he visited AP’s largest...

Vizag MP hails Centre’s Urban challenge fund, says city to hugely benefit

Visakhapatnam’s Lok Sabha member of Parliament Mr Mathukumilli Sribharat has hailed the Central government's urban challenge...

VADM Ajay Kochhar takes charge as VCNS

Vice Admiral Ajay Kochhar, PVSM, AVSM, NM, today assumed charge as the 48th Vice Chief...