HIPL to develop free trade zone at JNPT
PORTS & SHIPPING

HIPL to develop free trade zone at JNPT

A bid to develop and operate a warehousing zone in India has been won by Hindustan Infralog (HIPL), a JV between the National Investment and Infrastructure Fund (NIIF) and DP World; where DP World will be holding 65 per cent stake. The JV is expected to develop the Free Trade Warehousing Zone (FT...

A bid to develop and operate a warehousing zone in India has been won by Hindustan Infralog (HIPL), a JV between the National Investment and Infrastructure Fund (NIIF) and DP World; where DP World will be holding 65 per cent stake. The JV is expected to develop the Free Trade Warehousing Zone (FTWZ) at Jawaharlal Nehru Port Trust (JNPT) in a $78-mn deal. Following the acquisition of a 90-per cent stake in multimodal logistics company Continental Warehousing Corporation, this is HIPL’s second investment.

Related Stories

Gold Stories

Hi There!

Now get regular updates from CW Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Construction News on Whatsapp! Enjoy

+91 81086 03000

Join us Telegram