DP World Expands Nhava Sheva, Eyes JNPA SEZ Investment

FTZ News: Essa Kazim made his first visit to India as DP World’s executive chairman, accompanied by Group CEO Yuvraj Narayan and board members. the group met Jawaharlal Nehru Port Authority Chairman Gaurav Dayal and Deputy Chairman Ravish Kumar on October 7.

The two sides have worked together for nearly three decades, beginning with the concession for Nhava Sheva International Container Terminal. Discussions covered possible further work at Vadhavan Port and investment in the JNPA Special Economic Zone. Kazim and Narayan also opened Phase 2 of the Nhava Sheva Business Park. Phase 1 covers 44 acres and holds one million square feet of warehouse space. Phase 2 adds 42 acres and another one million square feet at a cost of roughly ₹500 crore, or about $52 million.

The new space sits next to the port and is meant to link with existing container yards, rail and a free-trade warehousing zone. No new terminal concessions or project timelines were announced./.