It will invest over Rs 2,000 crore (Rs 20 billion) in international container transshipment hub at Vallarpadam island in Kochi Port.
Dubai Ports will invest in projects such as rail connectivity, warehousing facility, inland container depots, container freight stations and other port related investments, said Ganesh Raj, senior vice president & MD (Indian Sub Continent), DPW.
The group is operating port specific zones in various parts of the country and there is huge amount of synergies for Indian operations, he said. Dubai Ports had acquired $6.8 billion UK-based ports and ferries company Peninsular and Oriental Steam Navigation Co (P&O Ports).
With this acquisition of Dubai Ports had given a direct control over Nhava Sheva International Container Terminal at Navi Mumbai, Chennai Container Terminal, Mundhra International Container Terminal and Kulpi Port (West Bengal).
DPW had already bagged the Build Operate Transfer (BOT) project for developing Vallarpadam project and operating Visaka Container Terminal in association with Mumbai-based
JM Baxi in Visakhapatnam Port.
"Dubai Ports is also keen on taking part in the container terminal projects coming up in Chennai, Tuticorin, Ennore and CFS projects in central and north India," Raj said.
The integration process following the acquisition of P&O Ports is progressing and a final decision toward retaining the brand in various projects will be taken shortly, Raj said.
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