PM Modi, CEO Of UAE-based DP World Discuss Potential Investment Plans In India
Sultan Ahmed Bin Sulayem said his Group has invested almost two-and-a-half billion dollars and is going to invest more in the next three years, post-meeting the Prime Minister of India
In a post on X(formerly Twitter), Prime Minister Modi said the discussions revolved especially around creating sustainable, green and energy-efficient ports and world-class sustainable logistic infrastructure.
Sultan Ahmed Bin Sulayem said his Group has invested almost two-and-a-half billion dollars and is going to invest more in the next three years, after meeting with the Prime Minister of India.
“We have a long history in India we are more committed,” Sulayem said.
“As a market and as a trade partner India is respected around the world. We are also discussing specific areas and lands around the world in Africa mainly for Indian entrepreneurs to manufacture. Tanzania, Kenya, Senegal, Nigeria, Central Africa, East Africa and this is something we’re going to do now encouraging Indian companies to manufacture in the designated area, and these are the main issues we discussed today,” he added.
DP World has been in India for close to two decades now. “Our operation and knowledge of the market gives us the courage and the confidence and the policies of the prime minister,” the CEO said.
Speaking on the Comprehensive Economic Partnership Agreement (CEPA) agreement and how it benefitted the two countries, he said, “India anyway enjoys an amazing relation. After the signing of the CEPA agreement, a lot of products are today going even more to India and more from our country to India.”
It would be important to see what fresh investment plans DP World commits here at the Vibrant Gujarat summit. The Vibrant Gujarat Global Summit was initiated by Narendra Modi in 2003, then chief minister, to put Gujarat on the world map of trade and industry. The 10 edition of the Summit will be held from 10 to 12 January, 2024. For the smooth conduct of the event, several committees have been formed to look after various aspects of the summit.
(ANI)
