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Nhava Sheva Business Park Expansion Highlights DP World’s Commitment to India
DP World has reaffirmed its long-term commitment to India’s economic growth and global trade ambitions, as H.E. Essa Kazim, Executive Chairman, made his first visit to the country in his new role, accompanied by Yuvraj Narayan, Group Chief Executive Officer, and members of DP World’s Global Board of Directors.
During their visit, H.E. Essa Kazim and Yuvraj Narayan inaugurated Phase 2 of the Nhava Sheva Business Park (NSBP) in the presence of members of the DP World board. The business park’s first phase occupied an area of 44 acres and includes one million ft 2 of warehousing space. The newly inaugurated second phase, which covers an additional 42 acres, will add a further one million ft2 of warehousing capacity, and represents an investment of approximately US$52 million.
Speaking at an event to mark the start of construction works, H.E. Essa Kazim said: “The expansion of Nhava Sheva Business Park reflects our confidence in India’s long-term potential and our continued focus on meeting the evolving needs of our customers. We look forward to deepening our collaboration with government and industry partners to support India’s growth and unlock new opportunities for trade.”
Another key engagement during the visit was a meeting with Gaurav Dayal, IAS, Chairman of the Jawaharlal Nehru Port Authority (JNPA) and Ravish Kumar, IRTS, Deputy Chairman, aimed at consolidating a partnership spanning nearly three decades since the signing of the concession agreement for Nhava Sheva International Container Terminal (NSICT). The discussions included the ongoing development of Vadhavan Port and further investment in the JNPA Special Economic Zone.
