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DP World closes deal to buy three Transworld units - The Hindu BusinessLine

DP World closes deal to buy three Transworld units - The Hindu BusinessLine
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

D P World to close deal to buy three Transworld units on July 1

D P World to close deal to buy three Transworld units on July 1
thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.

Transworld Group, Pushpak Logistics to build ₹200-crore container manufacturing facility in Gujarat

Transworld Group to build a ₹200 crore container manufacturing facility in Gujarat March 01, 2021 × Dubai-based Transworld Group, promoted by Indian businessman Ramesh Ramakrishnan has signed an agreement with state-owned Sagarmala Development Company Ltd to build a cargo container manufacturing facility in Gujarat with an investment of about ₹200 crore. The plan marks India s entry into manufacturing cargo containers, a segment dominated by China, as part of the Atmanirbhar Bharat initiative. Indian coastal shipping adds about 10,000 twenty-foot equivalent units (TEUs) of new containers annually, while India s largest container rail operator – Container Corporation of India - may require 2,000 to 2,500 TEUs of new containers every year, an official with the Ministry of Ports, Shipping and Waterways said.  

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