Dubai’s DP World logistics firm strengthens connections with India

The UAE and India also signed a trade agreement recently, and appear to have moved past the controversy surrounding an Indian politician's criticism of Islam.
India port
Sand imported from neighboring India is unloaded at a jetty on Jan. 8, 2005 in the man-made Thilafushi industrial island near Male, capital of the Maldives, as part of a land reclamation project. - SENA VIDANAGAMA/AFP via Getty Images
Al Monitor: The Pulse of the Middle East
Al-Monitor Staff

The Dubai-based logistics firm DP World today signed an agreement with India’s sovereign wealth fund. 

India’s National Investment and Infrastructure Fund agreed to invest around $300 million in DP World’s Indian subsidiary Hindustan Ports Private Limited for a 22.5% stake in the entity, DP World said in a press release. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more