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Dubai World looks for new projects in Indian state |
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1/8/2007 9:33:55 AM |
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Dubai World is looking for new infrastructure projects in India's West Bengal state as it prepares to start work on Kulpi port.
Officials met West Bengal chief minister Buddhadeb Bhattacharjee yesterday to discuss the projects.
The talks in the state capital Kolkata covered work on the planned Kulpi Port and an adjacent industrial zone.
Gulf News reported last month that DP World, the world's third biggest port operator and a unit of holding company Dubai World, will invest more than Dh500 million in the first phase of Kulpi.
DP World inherited the greenfield port project as part of its acquisition of P&O in February 2006.
The first phase of the port development will be completed at the end of 2009, DP World said.
An Indian newspaper reported that Dubai World is also interested in developing a resort in the tea plantations of Darjeeling at an estimated Dh1.25 billion.
When contacted by Gulf News, Dubai World chairman Sultan Ahmad Bin Sulayem said: "We do not have complete ideas" on that yet but "as a company we are interested in many investments".
"There is nothing concrete. We just took a tour of the tea area," Bin Sulayem added. "We have not discussed it or even initiated a study. The government has not talked to us," Bin Sulayem told Gulf News.
DP World's partners in Kulpi Port are the West Bengal Industrial Development Corporation and Keventer Group. |
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