NIIF & DP World expend $3 billion for India’s infrastructural growth

Date: 2018-01-22   Author: Saipriya Iyer  Category: #market

NIIF & DP World expend $3 billion for India’s infrastructural growth

The National Investment & Infrastructure Fund Limited of India and DP World Limited, a global marine & inland terminal operator headquartered in Dubai, have reportedly decided to invest funds worth USD 3 billion for asset acquisition and developing terminals, ports, and transport & logistics projects in India. It has been reported that the deal rides along the heels of the Abu Dhabi Investment Authority (AAIA) and the National Investment & Infrastructure Fund (NIIF) signing a pact in the last quarter of 2017, as per which a division of the former will invest USD 1 billion in the master fund of the latter.

Authentic sources state that DP World is already constructing ports in the regions such as Kulpi, Mundra, Kochi, Visakhaptnam, Nhava Sheva, and Chennai. As per records, in January last year, the company had even collaborated with the Caisse de depot et placement du Quebec, a public-sector pension investment board based in Canada, for generating USD 3.7 billion to fund the construction of various terminals & ports across the globe. Earlier in 2017, DP world group’s chairman had declared that India, being one of the strongest developing economies across the globe, offers a massive business opportunity for the industry players across the maritime and inland trade sectors.

It has been stated that DP World’s funds will be utilized not just for developing inland container terminals, freight corridor, and SEZ (special economic zones) projects, but for exploring other opportunities of growth across the country as well. Industry experts believe that the move will help establish a robust infrastructure across the region, thereby promoting the business landscape in the country. Reliable sources even state that the investment will help in the reduction of transport & logistics costs in India and curb the supply chain efficiencies leading to more crop yield.

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Saipriya Iyer

Saipriya Iyer currently works as a content developer for AlgosOnline. A computer engineer by profession, she ventured into the field of writing for the love of playing with words. Having had a previous experience of 3 years under her belt, she has dabbled with website...

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