DP World, DPA, Nevomo ink pact to explore autonomous magnetic rail freight movement in India
,
Deendayal Port Authority
(DPA) and Nevomo have signed an agreement to explore
autonomous magnetic rail freight
movement in the country, according to a statement on Tuesday.
The pact will help the companies to explore opportunities for development of a pilot project using Nevomo's MagRail proprietary technology for the self-propelled movement of rail-based cargo and freight within the existing port ecosystems, DP World said in the statement.
A Memorandum of Understanding (MoU) in this regard was signed by Sushil Kumar Singh, Chairman of Deendayal Port Authority (DPA), Rizwan Soomar, CEO & Managing Director, Middle East, North Africa, India Subcontinent, DP World, and Przemek (Ben) Paczek CEO Nevomo Group BV.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Badkamerkosten per klusje in Nederland 2025: kijk eens!
Smartfinancetips
Meer informatie
Undo
The MoU sets the framework for a 750-metre pilot project of MagRail technology at Deendayal Port, it added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Indian Express
a day ago
- New Indian Express
Minister Sridhar Babu asks UAE investors to be partners Telangana's vision
HYDERABAD: Stating that the state government is committed to transforming Telangana into a $3 trillion economy by 2047, IT & Industries Minister Duddilla Sridhar Babu on Thursday urged the UAE industrialists to be partners in realising this vision. The minister was addressing the gathering after inaugurating the Investopia Global, an international investment summit, being jointly organised by the UAE and Telangana Government, at the HICC. 'Though geographically small, Telangana is a state with a grand ambition and strong implementation. In a short span, it has risen like a phoenix, and emerged as a model in development and welfare for other states. In 2024-25, Telangana recorded a GSDP growth of 8.2%, which is higher than the national average of 7.6%. Telangana's contribution to the national GDP has exceeded 5%,' he said. The minister noted that the state has devised plans to expand dry ports, multimodal logistics parks, and industrial corridors. 'Net-zero industrial parks, EV zones, green logistics hubs, the Regional Ring Road (RRR), and Metro Phase-2 will give further boost to industrial development. The Future City being developed to global standards will become a world hub for FinTech, Climate Tech, and Smart Mobility innovation. Telangana is witnessing rapid growth in data centers, Global Capability Centers (GCCs), AI labs, and aerospace clusters,' he added. 2.5 times increase in exports from Telangana to UAE Sridhar Babu further informed that over the past 18 months, Telangana attracted over Rs 3.2 lakh crore in fresh investments. 'In the financial year 2024-25, exports from Telangana to the UAE have increased 2.5 times. Pharma, aerospace, digital services, and food processing sectors have played a crucial role. Prominent UAE-based companies like Lulu Group, DP World, and NAFFCO have already made investments in the state,' he noted. He described the investment summit a reunion of old friends. Like the UAE, Telangana values time, trust, and transformation, he added. UAE Minister of Economy and Tourism Abdullah Bin Touq Al Marri, Telangana IT & Industries Special Chief Secretary Sanjay Kumar, TSIIC MD K Shashank, UAE Ministry of Investment Under Secretary Mohammed Al Wahaibi, UAE International Investors Council Secretary General Walid Hareb Al Falahi and Investopia CEO Jean Fares were among the attendees.
Hans India
2 days ago
- Hans India
Sridhar Babu seeks UAE industrialists' help in realising TG's $3 trillion GSDP dream
Hyderabad: The Minister for IT & Industries D Sridhar Babu urged UAE industrialists to partner and contribute in achieving the vision of achieving a $3 trillion economy for the State. He formally inaugurated the international investment summit titled 'Investopia Global,' jointly organized by the UAE and Telangana Government at HICC. The Minister noted that the state has devised plans to expand dry ports, multimodal logistics parks, and industrial corridors. Net-zero industrial parks, EV zones, green logistics hubs, the Regional Ring Road (RRR), and Metro Phase–2 will give further boost to industrial development. The Future City being developed to global standards will become a world hub for FinTech, Climate Tech, and Smart Mobility innovation. Telangana is witnessing rapid growth in data centers, Global Capability Centers (GCCs), AI labs, and aerospace clusters. 'Though geographically small, Telangana is a state with grand ambition and strong implementation. In a short span, it has risen like a phoenix and emerged as a model in development and welfare for other states. In 2024–25, Telangana recorded a GSDP growth of 8.2%, which is higher than the national average of 7.6%. Telangana's contribution to the national GDP has exceeded 5%,' he explained. Minister elaborated that over the past 18 months, Telangana attracted over Rs 3.2 lakh crore in fresh investments. In the financial year 2024–25, exports from Telangana to the UAE have increased 2.5 times. Pharma, aerospace, digital services, and food processing sectors have played a crucial role. Prominent UAE-based companies like Lulu Group, DP World, and NAFFCO have already made investments in the state. 'This is not just an investment summit—it is a reunion of old friends and a launchpad for the future. Like the UAE, Telangana values time, trust, and transformation. There are vast opportunities in Telangana across AI, emerging technologies, life sciences, green hydrogen, renewable energy, logistics, warehousing, trade infrastructure, food processing, agro exports, aerospace, defence manufacturing, electric vehicles, smart mobility, tourism, wellness, and medical sectors,' he emphasised. The Minister extended a fresh invitation to UAE industrialists to invest in Telangana. UAE Minister of Economy and Tourism Abdullah Bin Touq Al Marri, Telangana IT and Industries Special Chief Secretary Sanjay Kumar, TSIIC MD K Shashank, UAE Ministry of Investment Under Secretary Mohammed Al Wahaibi, UAE International Investors Council Secretary General Walid Hareb Al Falahi, and Investopia CEO Dr Jean Fares were present.
Time of India
15-07-2025
- Time of India
CM hard sells MP as supply hub for Bharat Mart project
Bhopal: CM Mohan Yadav on Tuesday held a high-level meeting with senior executives of DP World and Jebel Ali Free Zone (JAFZA) in Dubai, the UAE, to push for stronger trade and logistics ties, with a focus on the upcoming Bharat Mart project. Tired of too many ads? go ad free now Describing Bharat Mart as a "gateway to global trade", Yadav said the centre would offer Indian exporters, especially in food processing, agriculture and handicrafts, direct access to markets in the Middle East, Africa and Europe. Bharat Mart, set to become operational in 2026, is a multi-dimensional international trade centre being developed in JAFZA, Dubai, spread over approximately 2.7 million square feet. The foundation stone for the project was jointly laid by PM Narendra Modi and the ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, in Feb 2024. The centre is being developed by DP World, and will include over 1,500 showrooms, state-of-the-art warehouses and office facilities. During the meeting, the proposed DP World rail terminal in Madhya Pradesh and the Ujjain–Nagda route were discussed as crucial enablers for seamless supply to Bharat Mart. This logistics connectivity will ensure fast, cost-effective and smooth transport of goods from India to Dubai, directly benefiting exporters from the state. Yadav said: "Our govt considers this journey not just about trade, but as a foundation for the economic future of Madhya Pradesh. Through Bharat Mart, our state will become a strong link in the global supply chain." DP World is a leading global logistics and supply chain solutions provider based in Dubai, operating more than 100 terminals and ports across over 78 countries. Tired of too many ads? go ad free now With an annual handling capacity of 70 million TEU containers, it ranks among the world's largest port operators. In India, DP World operates six terminals across major ports such as Mumbai, Mundra, Cochin, Chennai, and Visakhapatnam. It also manages cold chain logistics, container freight stations, and export-import services. DP World has expressed strong interest in developing inland container depots, multimodal logistics parks, agri-logistics hubs, and dry ports in Madhya Pradesh. "This aligns with the state's logistics and export policy and represents a significant step toward long-term infrastructure development through public-private partnership models," a govt spokesperson said in Bhopal.
