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DUBAI / WAM
Trade between Jebel Ali Freezone (Jafza) and India reached over $3.4 billion in 2017. Latest figures from Jafza show that over 788 Indian companies are trading from the freezone, serving key markets in the region and building on historical ties that date back to 1985 when it first opened.
DP World has extensive business interests in India, including six container terminals, Inland Container Depots (ICD), warehouses and container rail freight services.
This year, it formed a strategic partnership with the National Investment and Infrast- ructure Fund (NIIF), to invest up to $3 billion in brownfield container terminals, long term greenfield container concessions, Inland Container Depots (ICDs) and expansion of existing inter-modal rail services for rolling stock. The first investment by the partnership was made in March this year when DP World joint venture Hindustan Infralog Private Limited (HIPL) acquired a 90 percent stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multimodal logistics company.