DP World lays foundation stone and commences work on NSBP FTZ

In a notable development, DP World laid the foundation stone and commenced construction work on its Nhava Sheva Business Park (NSBP) free trade zone (FTZ). The Rs 10 billion worth FTZ investment comes under Hindustan Infralog Private Limited, a joint venture between DP World (65 per cent) and the National Investment and Infrastructure Fund (35 per cent) to invest up to US$3 billion in ports, logistics and related sectors. NSBP, a special purpose vehicle (SPV), is a co-developer for the Jawaharlal Nehru Port Trust special economic zone.