JAFZA’S trade with India hits over $3.4 billion in 2017Staff Writer | April 24, 2018
Trade between Jebel Ali Freezone (JAFZA) and India reached over $3.4 billion in 2017.
Middle East The UAE is India's second largest trading partner
DP World has extensive business interests in India, including six container terminals, Inland Container Depots (ICD), warehouses and container rail freight services.
Earlier this year it formed a strategic partnership with the National Investment and Infrastructure Fund (NIIF), to invest up to $3 billion in brownfield container terminals, long term greenfield container concessions, Inland Container Depots (ICDs) and expansion of existing inter-modal rail services for rolling stock.
The first investment by the partnership was made in March this year when DP World joint venture Hindustan Infralog Private Limited (HIPL) acquired a 90 percent stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multimodal logistics company.
The UAE is India's second largest trading partner, accounting for more than 10 percent of Indian exports. India was second largest trading partner of Dubai with $27 billion (AED 99 billion) worth of trade in 2017. ■