The UAE is India’s second largest trading partner, accounting for more than 10% of Indian exports
Trade between Jebel Ali Freezone (JAFZA) and India reached over US$ 3.4bn in 2017. Latest figures revealed by 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. Earlier this year it formed a strategic partnership with the National Investment and Infrastructure Fund (NIIF), to invest up to US$ 3bn 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% stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multi-modal logistics company.
“DP World has been a part of India’s amazing economic growth for nearly two decades and we are reinforcing our commitment to it. India is our most important market and our operations support over 30 per cent of the country’s container trade,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.
The UAE is India’s second largest trading partner, accounting for more than 10 per cent of Indian exports. India was second largest trading partner of Dubai with US$ 27bn (AED 99bn) worth of trade in 2017.
