TODAY IS: Saturday , January 16, 2021
Menu
  • Home
  • About Us
  • News
  • Start Up
  • Appointments
  • Exchange Rates
  • Useful Links
  • Awards
  • DST Everyday
  • DST Gujarat
  • Advertise With Us
  • Contact Us
DST

LATEST UPDATES:

August 24 , 2020 OOCL report Profits of US$102.1 million for Six Month period ended June 2020            August 24 , 2020 Port of Antwerp aids in laying foundation for Digitalisation of Inland Navigation            August 24 , 2020 Maersk expands warehousing & distribution in Ivory Coast             August 24 , 2020 Goods barometer confirms steep drop in trade but hints at nascent recovery : WTO             August 24 , 2020 Railways plans to bridge first, last mile connectivity gap to deliver goods            August 24 , 2020 2021 World Maritime Theme – “Seafarers: At The Core Of Shipping's Future”            May 19 , 2020 India to be developed as Transshipment Hub; at least 2 ports in the Top 10 rankings Globally : Maritime Vision 2030 Draft             May 19 , 2020 DP World and Mastercard collaborate on Digitising Port Payments            May 19 , 2020 Yang Ming’s vessels to receive Smart Ship Notations from ABS, DNV GL, BV & CR             May 18 , 2020 MSC supports cargo shippers with new Trade Finance offering in India             
Latest News

New FTP 2021-26 from 1st April, Expert Committee holds discussion

January 15 , 2021

Adani Group to invest in Colombo Port Terminal: Sri Lankan President

January 15 , 2021

Harren & Partner adds jack-up vessel Wind Lift I to its fleet and launches SAL Renewables

January 15 , 2021

Indian Ports Association transforming Ports using technology

January 15 , 2021

View All Posts

DST News

DP World lays foundation stone for Free Trade Zone in Mumbai

January 13 , 2021

 
MUMBAI: Global logistics company DP World has started construction of its Nhava Sheva Business Park (NSBP) Free Trade Zone (FTZ) in Mumbai. The Rs 1000 Cr DP World FTZ investment comes under the Hindustan Infralog Private Limited (HIPL) joint venture between DP World (65%) and the National Investment & Infrastructure Fund (NIIF) (35%). This venture has been created to invest up to USD 3 billion in ports, logistics and related sectors across the country.
 
Mr. Rizwan Soomar, CEO & MD, Subcontinent, DP World said “We are delighted to build the Free Trade Zone in such a strategic location. We are extremely pleased with our project’s progress. Despite various challenges and tough business environment posed by COVID-19, we have been successful in achieving this key milestone. This reinforces DP World’s commitment to India and strengthens our integrated logistics portfolio in the country. 
 
We are further committed to complete this project in a record time and have it operational towards the end of 2021. Our vision is to provide our customers with a world-class facility for their trading needs in India. With its strategic location, the FTZ will help position India as a prime hub for exports to neighbouring countries and provide a huge fillip to the manufacturing sector in the country.”
 
NSBP, a Special Purpose Vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ. The FTZ is on a long-term Lease of 60 years and is located 5 kms away from JNPT. After signing a Lease Agreement in July and successfully acquiring all permissions & approvals, the company has started construction in full swing. 
 
The gold rated facility comprising of 1 million sq. ft covered storage area with other cargo handling facilities, modern equipment, commercial building, etc., will be completed in 12 to 14 months. 
 
The facility will be equipped with state-of-the-art infrastructure like specialized multi-product and temperature-controlled warehouses, and a container yard with ultra-modern digital & security systems. It will offer round-the-clock customs clearance and value-added services to provide customers a one-stop solution for all their consumption and trading needs.
 
Its strategic proximity – to the largest container port in India, the upcoming Navi Mumbai International Airport and National Highways – provides quick and direct access to domestic and global markets. It will offer long-term advantages to domestic as well as global traders and manufacturers, by enabling reliable and fast movement of cargo. 
 
The project will help boost trade especially in sectors like electronics, IT, telecom, pharmaceuticals, chemicals & petrochemicals, machinery, agri & foods, and metals.

Subscribe

Make sure you don't miss interesting happenings by subscribing to our anual membership model to get daily shipping times eDST.


HEAD OFFICE : MUMBAI

5, Rustom Sidhwa Marg, Gunbow Street, Dossa House, Room No. 14-18, 1st Floor, Fort, Mumbai-400001

    (022) 22661756 / 22661422
   (022) 22664213
   dailyshipping@gmail.com

QUICK LINKS


  • Awards
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy

Developed By : Ace Smart Advertising

QUICK INQUIRY


Your email address will not be published. Required fields are marked *

© Daily Shipping Times