Free Trade Zones

DP World supply chain to invest Rs 10,000 crore in Gujarat


Global supply chain solutions company DP World said on Wednesday it was looking to invest Rs 10,000 crore in developing logistics infrastructure in Gujarat.

Addressing the Vibrant Gujarat roadshow in Dubai, United Arab Emirates where the Chief Minister of Gujarat, Bhupendra Patel was present, Rizwan Soomar, CEO and Managing Director (subcontinent) of DP World, said: “We are building an ecosystem logistics supported by reliable, transparent and efficient logistics products delivered through our digital platform… We are very keen to extend our ports and cold chain networks, to develop multimodal logistics hubs and free zones.

“We intend to partner with the state government for the upcoming Vibrant Gujarat summit and we hope to sign a memorandum of understanding for phased investments exceeding Rs 10,000 crore for the development of logistics infrastructure in the region. ‘State,’ added Soomar.

DP World currently operates a container terminal and container freight station in Mundra, two private freight stations in Hazira and Ahmedabad, rail services from the ports of Mundra Hazira and Pipavav, a cold chain facility in Surat and a Express trucking service through four cargo hubs of Vapi, Surat, Vadodara and Ahmedabad.

Welspun Group Chairman BK Goenka, who spoke on the first day of Vibrant Gujarat’s two-day tour, said Vapi’s Welspun unit manufactures and supplies all of the towels used at Wimbledon. “One in four towels and one in eight sheets sold in the United States are made in Gujarat by us in Welspun,” he added.

CM Patel, who runs the two-day Vibrant Gujarat roadshow in the United Arab Emirates, said he will visit the BAPS Hindu Mandir in Dubai and the Sheikh Zayed Grand Mosque in Abu Dhabi on Friday.

Speaking to an audience in Gujarati, CM Patel projected the GIFT City and Dholera SIR projects as possible investment destinations in Gujarat.