India has too many boxports for too little cargo, according to the nation’s largest operator of terminals. Speaking with the local Economic Times, Sultan Ahmed bin Sulayem, group chairman of UAE-based DP World, said the focus needed to change to look at the entire supply chain in India.
“There are more ports in India right now than cargo, which is not good,” Sultan Ahmed bin Sulayem said. “You should have more production facilities, more logistic and infrastructure facilities rather than (just) ports.”
DP World has six port concessions in India, including two in Jawaharlal Nehru Port Trust (JNPT), the nation’s top boxport in Mumbai, where on Sunday there was an official opening of a fourth terminal to be run by rival PSA International.
DP World has recently formed a $3bn venture with India’s National Infrastructure Investment Fund to invest in local logistics infrastructure projects.