Overview
- The new commitment adds to roughly $3 billion DP World has already invested in India over the past three decades.
- Unifeeder and Sagarmala Finance Corporation will advance commercially sustainable green coastal and short-sea shipping across India.
- Cochin Shipyard and DP World’s Drydocks World agreed on Heads of Terms to expand and operate the International Ship Repair Facility in Kochi.
- Cochin Port Authority and DP World will upgrade handling at the International Container Transshipment Terminal in Kochi, with a separate tripartite pact targeting shipbuilding and repair skills development.
- Deendayal Port Authority, DP World, and Nevomo plan a 750-metre MagRail Booster pilot inside the port, with DP World saying the initiatives align with PM Gati Shakti, Sagarmala, and Maritime Amrit Kaal Vision 2047.