Dredging Corp inks MoU with Abu Dhabi's NMDC for strategic alliance

31 Jan 2022 CW Team

HN Aswath, Development Advisor (Ports) at the Ministry of Ports, Shipping and Waterways, said that the strategic alliance between the DCI and NMDC would pave the way for the achievement of the Maritime Vision 2030 goals.

On the occasion of the signing of a virtual Memorandum of Understanding (MoU) between the two organisations on Monday, Aswath said that the MoU would assist DCI and NMDC in better serving the needs of the ports.

Prof Dr GY Victor, the MD and CEO of DCI, said that rising marine infrastructure development operations, particularly in the Indian subcontinent, African region, Middle East, and the Far East region, the Indian and Abu Dhabi.

The memorandum of understanding was signed by DCI MD Victor and NMDC group CEO Yasser Nassr Zaghloul to transform the two companies into regional leaders.

DCI owns and operates a large fleet of Trailing Suction Hopper Dredgers, while NMDC owns and operates a large Cutter Suction Dredger and has firsthand experience in port development and management.

The alliance would focus on capital dredging projects, project development on a build-operate-transfer (BOT) basis, operating ports as managers, participating in public-private partnerships in dredging works following dredging policy, ministry of ports, shipping and waterways, port development, operations, and management, reclamation words, and development of multimodal transportation.

The NMDC group CEO Yasser Nassr Zaghloul said that the agreement paves the way for them to improve their capabilities and expertise, as well as expand their operations throughout the region and Southeast Asia. On a project-by-project basis, both companies agreed to mutual participation and bid submission across the region.

Image Source

Also read: India Ports Global gets Captain Alok Mishra as Managing Director

Dredging Corporation of India (DCI) signed a memorandum of understanding (MoU) for a strategic alliance with the Abu Dhabi-based National Maritime Dredging Companies (NMDC) as it would pave the way for the achievement of the Maritime Vision 2030 goals. HN Aswath, Development Advisor (Ports) at the Ministry of Ports, Shipping and Waterways, said that the strategic alliance between the DCI and NMDC would pave the way for the achievement of the Maritime Vision 2030 goals. On the occasion of the signing of a virtual Memorandum of Understanding (MoU) between the two organisations on Monday, Aswath said that the MoU would assist DCI and NMDC in better serving the needs of the ports. Prof Dr GY Victor, the MD and CEO of DCI, said that rising marine infrastructure development operations, particularly in the Indian subcontinent, African region, Middle East, and the Far East region, the Indian and Abu Dhabi. The memorandum of understanding was signed by DCI MD Victor and NMDC group CEO Yasser Nassr Zaghloul to transform the two companies into regional leaders. DCI owns and operates a large fleet of Trailing Suction Hopper Dredgers, while NMDC owns and operates a large Cutter Suction Dredger and has firsthand experience in port development and management. The alliance would focus on capital dredging projects, project development on a build-operate-transfer (BOT) basis, operating ports as managers, participating in public-private partnerships in dredging works following dredging policy, ministry of ports, shipping and waterways, port development, operations, and management, reclamation words, and development of multimodal transportation. The NMDC group CEO Yasser Nassr Zaghloul said that the agreement paves the way for them to improve their capabilities and expertise, as well as expand their operations throughout the region and Southeast Asia. On a project-by-project basis, both companies agreed to mutual participation and bid submission across the region. Image Source Also read: India Ports Global gets Captain Alok Mishra as Managing Director

Building Material

11 Dec 2025

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Building Material

11 Dec 2025

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Building Material

11 Dec 2025

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..