In a recent meeting between Prime Minister Narendra Modi and Sultan Ahmed Bin Sulayem, the Group Chairman and CEO of DP World, plans to boost investment in Bharat were discussed. The meeting, held in Gandhinagar on Tuesday, focused on creating sustainable, green, and energy-efficient ports, along with world-class logistic infrastructure. The discussions highlighted the commitment of DP World to Bharat, with the Group having already invested almost two-and-a-half billion dollars and planning to invest more in the next three years.
Sultan Ahmed Bin Sulayem expressed the long-standing history and commitment of DP World in Bharat, emphasizing the country’s global reputation as a respected market and trade partner. He mentioned specific plans for encouraging Bharat entrepreneurs to manufacture in designated areas across Africa, including Tanzania, Kenya, Senegal, Nigeria, Central Africa, and East Africa. These initiatives aim to strengthen ties and collaboration between Bharat companies and DP World.
The CEO highlighted DP World’s extensive operational experience and knowledge of the Bharat market, citing confidence in the policies of Prime Minister Modi. Sulayem also touched upon the Comprehensive Economic Partnership Agreement (CEPA) between the two countries, noting the positive impact on trade relations. According to him, the CEPA agreement has facilitated increased exports and imports between Bharat and the UAE, showcasing the strong bilateral relationship.
Looking ahead, DP World is expected to announce fresh investment plans at the upcoming Vibrant Gujarat Global Summit, scheduled from January 10 to 12, 2024. The summit, initiated by Prime Minister Modi in 2003, aims to position Gujarat as a prominent player on the world map of trade and industry. To ensure the smooth conduct of the event, various committees have been formed to oversee different aspects of the summit, reflecting the significance of the gathering in fostering economic collaboration and growth.
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