DUBAI 24 April 2017: DP World plans to invest US $1 billion in India, according to the Dubai-based global transportation services provider.
“So far we have invested $1.2 billion in India. We have an additional $1 billion of planned investments, said DP World Chairman Sultan bin Sulayem. He did not give a time frame for past or future investments.
He was speaking at the global convention of the Indian Institute of Directors (IOD), organised in Dubai in association with Dubai Quality Group (DQG).
Leading businessman Khalaf Al Habtoor was given a ‘Life Time Achievement Award by IOD while Sulayem was presented with the Business Leadership Award, during the presentation of the Golden Peacock Awards.
The 49 Golden Peacock Awards were presented by Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Culture and Knowledge Development, and Sheikh Ahmed bin Saeed Al Maktoum, President, Dubai Civil Aviation Authority, Chairman of Emirates Group, Dubai World, and the Patron of Dubai Quality Group, as the Chief Guest.
“DP World wants to partner in India’s growth opportunities,” said Chairman Sulayem.
He pointed out that India is growing at a faster pace than China and DPW wants to be involved in ports, logistics and inland container terminals. “India has 7,000 km of waterways that can be developed,” Sulayem pointed out.
DP World operates 78 terminals around the world including Nhava Sheva and Visakhapatnam in India.
In his keynote address, Sheikh Nahyan said some academics in the United States of America recently surveyed the sacred texts of the seven most prominent world religions. The scholars searched for shared beliefs and settled on a short list of four values.
- A commitment to something greater than oneself
- Self-respect tempered by humility, self-discipline, and acceptance of personal responsibility
- Respect and caring for others
- Caring for other living things and the environment
“Those are moral values that, I daresay, we all try to honor. They justify actions that give us joy and a feeling of moral satisfaction. They provide the standard by which we can measure the goodness of an innovation as well as a corporate vision. The universal adherence to those values results in actions that bring us together as global citizens.
“We witness that phenomenon on a daily basis in the United Arab Emirates. Our global society includes people from 200 different nationalities. I believe that we are comfortable with globalization because we are willing and able to connect beyond our borders in a curious, somewhat adventurous, and always respectful fashion.
“We have come to judge people by their actions, not their nationality, culture, ethnicity, religious or philosophical beliefs, gender, language, or physical appearance. We know as well that knowledge comes from all over the world. We are not the exclusive source of knowledge,” Sheikh Nahyan said.
Fatma Buti Almheiri Chairwoman, Dubai Quality Group, said: “As known today the global economy is passing through significant economic challengeswith shifting the center of gravity of global economy. While today UAE is one of the fastest developing economy nations, diverse its position from a holistic government initiated the approach, towards business excellence and innovation. The footprints of UAE are significant and hold much for the nations to learn and apply.
By Eudore R Chand