NSFT outlines expansion plans

In addition to the Red Sea conflict, recent economic indicators suggest underlying demand growth, particularly in India’s production and export orders.

DP World has signed multiple Memoranda of Understanding (MoU) with the provincial government of Gujarat in India, covering the development of ports, logistics centres and economic zones.

DP World has won the tender to build a new container terminal at Tuna-Tekra, Deendayal port in Gujarat.

The Asian Development Bank (ADB) has given Nhava Sheva Freeport Terminal Private Limited (NSFTPL) a US$131 million loan to upgrade the Jawaharlal Nehru Port Container Terminal.

Konecranes port cranes including STS and yard gantry cranes for the domestic market will be built in India under a new licensing agreement.

Shipping lines, terminal operators and equipment manufacturers are looking to position themselves in an Indian market that is poised for growth.