Emirati marine terminal operator DP World is set to build a new terminal at Jawaharlal Nehru Port, also known as Nhava Sheva, in Mumbai, India.
India’s Minister of Shipping GK Vasan laid the foundation stone for the new terminal, Nhava Sheva (India) Gateway Terminal.
DP World is spending $200m to build the terminal, which will add 800,000 twenty-foot equivalent container units (TEUs) of container capacity to the port and will help to reduce congestion.
With the new terminal, DP World is offering customers the ability to grow and expand their businesses in India.
DP World chairman HE Sultan Ahmed Bin Sulayem said the new development would not have been possible without the dedication and commitment that India’s Government has shown to the trade community.
"As the busiest gateway and hub in India, Nhava Sheva has been constrained in the past by lack of facilities, which has impacted trade. We at DP World are proud to bring new capacity to this vibrant city and the fast growing economy of India," Sulayem said.
"The new terminal will serve India for generations to come and help speed goods to market, stimulating trade, contributing to economic growth, which in turn contributes to the development of communities and individuals."
DP World Subcontinent senior vice-president and managing director Anil Singh said for the last five years, India’s premier port has been in critical need of capacity with container trade rising.
"Nhava Sheva (India) Gateway Terminal will provide the immediate relief that the trade community urgently requires and we at DP World are fast tracking the project to commence operations as early in 2015 as possible and we have already placed the order for the cranes that will be installed," Singh said.