Goalkeeper Eisa delivered a fantastic performance against Al Hilal to help Al Ain reach the final
In India, DP World has been operating container port terminals since 1997 and was instrumental in building the first Private-Public Partnership (PPP) project for the Government of India. DP World is currently present at six locations in India with over 6 million TEU of gross capacity and also operates container trains connecting ports to the hinterland.
The acquisition of CWCNSL will further enhance DP World's presence in the entire logistics value chain in India. The current operations of CWCNSL are highly complementary to the Group's existing business in terms of the business model and geographic footprint providing significant new revenue opportunities over the long term.
Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said: "We are delighted to start our recent partnership with NIIF with this strategic acquisition to develop logistics and warehousing solutions to support India's growing economy and trade.
"As a global trade enabler, we aim to grow in complementary sectors of the global supply chain, which includes inland container terminals, freight corridors and logistics infrastructure. The acquisition of Continental Warehousing Corporation provides us with a scalable platform to accelerate growth in the rapidly evolving logistics sector in India. We look forward to actively collaborating with the Reddy family, our partners in Continental Warehousing Corporation, to drive and realize the Company's growth."
Adi Keshav Reddy, Founder, CWCNSL, said: "The strategic partnership with Hindustan Infralog and its parent DP World will have huge potential for logistics infrastructure in India and will enable CWCNSL to enhance its end-to-end value-added services to customers. We have enjoyed a successful partnership with Warburg Pincus, IFC and Aureos, and look forward to partnering with Hindustan Infralog for the next phase of the Company's growth." - business@khaleejtimes.com
Goalkeeper Eisa delivered a fantastic performance against Al Hilal to help Al Ain reach the final
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