DP World has started building a new Free Trade Warehousing Zone (FTWZ) on a 44 acres side at Jawaharlal Nehru Port (JNP)’s Nhava Sheva Business Park. The project is the second investment to be carried out through Hindustan Infralog Private Limited (HIPL), a joint venture between DP World and India’s National Investment and Infrastructure Fund (NIIF). Through the new FTWZ facility, DP World aims to offer global and domestic traders and manufacturers more reliable, and faster, cargo movement, as well as improved supply chain efficiencies.
India’s minister for road transport highways and shipping, Shri Nitin Gadkari, laid the ceremonial foundation stone. Speaking at the ceremony, DP World Chairman, Sultan Ahmed Bin Sulayem, said the facility would provide a “compelling one-stop solution for our customers.” Describing the FTWZ as a “testament to the company’s commitment to India”, he pointed out that the investment would provide a boost to the local economy and generate employment opportunities in the region.
A spokesman for JNPT added: “This warehouse will be a strategic asset for our Special Economic Zone and the companies investing here because it will provide warehousing for various products, state-of-the-art equipment, transportation and handling facilities for our traders.”
Meanwhile JNPT, the top container port in India, has announced the completion of another important strategic initiative, to increase the draft of JN Port-Mumbai Harbour channel to enable the port to handle large container vessels up to 12,500 teu capacity. JN Port says it has now deepened and widened the existing channel from 14m to 15m draft, thereby facilitating navigation for new generation containerships.