Independent journal on economy and transport policy
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New Delhi has authorized DP World to create a holding ones for active the terminaliste societies in India
The Indian terminals of the group of Dubay enliven annually about 10,7 million container, a third party of the national total
March 11, 2016
The Indian government has authorized the terminalista group DP World of Dubay to modify the social order of own branches engaged in the container management terminal in the ports of India. In particular, the executive of New Delhi has agreed to the creation of a holding Indiana of the DP World in whose pocketbook will meet active the terminaliste enterprises in India.
The government has emphasized that the promuoverà decision the investments direct foreign countries and the participation of the private sector in the harbour section. Moreover - second the executive - the restructure of the social organization of the Middle Eastern group in India will contribute to a better coordination and control since the Indian Harbour Authorities will have to be confronted with a single by right Indian society, carrying moreover a greater transparency and a better conformity with the Indian laws and regulations.
The project of DP World previews the constitution of the holding Hindustan Ports Private Limited (HPPL), initiative that the objective has to widen the capital base and to allow new investments in the Indian ports. The government has authorized the institution of the holding ones on condition that the net worth of the Hindustan Ports after the acquisition of the Special Purpose Vehicle is advanced to 80 million dollars.
Currently the DP World group is the main private harbour operator in India, where it manages terminal in the ports of Chennai, Cochin, Jawaharlal Nehru, Mundra and Visakhapatnam. In the five you carry the group of Dubay manages six container terminal (two to Jawaharlal Nehru) that in the fiscal year anniversary 2014-15, finished to the end of March 2015, has enlivened a containerized trade of about 10,7 million teu, pairs to 30% of the entire traffic of the container enlivened in all the Indian ports in the period.
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