DP World Ltd., a port operator based in the UAE, plans to expand its operations in India in order to address trade bottlenecks. The CEO of the company sees this as a strategic move to improve the efficiency of goods delivery in the face of various challenges, such as threats to cargo routes in the Red Sea and Suez Canal, the lingering effects of the pandemic, and potential tariff risks.
DP World is involved in managing container ports, developing industrial sites, providing freight services, and trade financing. The expansion aims to streamline logistics and enhance customer service, demonstrating the company's commitment to adapting to the changing landscape of global trade.