18.01.2021
Artikel Nummer: 34827
Big PPP investment in Mumbai
DP World is investing in its logistics facilities in India - with local support. The Dubai-based player has started the construction of its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai.
The RS 1,000 Cr (USD 1.37 billion) investment is part of the Hindustan Infralog Private (HIPL) joint venture between DP World (65%) and the National Investment & Infrastructure Fund (NIIF) (35%), which was created to invest a total of up to USD 3 billion in ports, logistics and related sectors across the country.
NSBP, a special purpose vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ is on a long-term lease of 60 years and is located 5 km from JNPT. (sh)