A potential partnership between Tata Group and global port operator DP World has gained traction after the Dubai-based group’s Chairman and Chief Executive Officer Sultan Ahmed Bin Sulayem met senior executives from the Indian conglomerate “to explore opportunities for cooperation, knowledge sharing and best practice”.
The discussions held in Dubai covered logistics and supply chain operations, innovative customer care and creating high quality, sustainable services, a statement from DP World said. The meeting was attended by Ahmed Al Haddad, Chief Operating Officer, Jebel Ali Free Zone (Jafza) and Mahmood Al Bastaki, Executive Director, Dubai Trade.
“The Tata Group has been an integral part of India’s growth story for 150 years and we also have a deep-rooted relationship with India that have recently expanded our horizons to develop logistics infrastructure. We believe that both companies can benefit through exchange of knowledge and know how, sharing expertise and experience in areas that deliver solutions to India's growing economy and trade,” Sultan Ahmed Bin Sulayem said in the statement.
The Tata delegates toured Jebel Ali Port and Free Zone, including Terminal 3 (T3), the world's largest semi-automated container handling facility with an annual capacity of four million twenty-foot equivalent units (TEUs).
They were briefed on the operational efficiencies of T3, where capacity was increased by 1.5 million TEUs last year in response to the high levels of utilisation at the port and with the recovery in volumes, particularly in the lead up to Expo 2020.
Indian container imports at Jebel Ali port have increased annually in the past four years from 205,000 TEUs in 2013 to 254,000 TEUs in 2017, while exports reached 132,000 TEUs.
Jebel Ali connects more than 8,500 companies with trade partners from across the world, moving cargo to and from the subcontinent. It underlines the major role played by the port as a logistics location enabling regional and global trade.
Jafza is home to 788 Indian companies from a range of sectors, with many customers operating in the growing regional markets.
DP World runs six container terminals in India besides inland container depots, warehouses and container rail freight services, supporting over 30 percent of the country’s container trade.
On March 18, DP World acquired a 90 per cent stake in Continental Warehousing Corporation, an Indian logistics firm. In January, DP World set up an investment platform — Hindustan Infralog — in partnership with India’s National Investment and Infrastructure Fund (NIIF) to invest as much as $3 billion in ports, terminals, transportation and logistics businesses in India.
Source: The Hindu Business StandardPrevious Next