DP world, Jafza, CII discuss auto sector revival

October 1, 2020

The Confederation of Indian Indusrtries (CII), DP world UAE region and Jebel Ali Free Zone, Jafza together held a meet to discuss the bounce back of the auto industry. The Auto Resurgence Summit held on Thursday reflected upon the measures to be taken to ensure the revival of the sector, after being hit by the pandemic crisis.

Speakers highlighted the significance of creating a self-reliant, sustainable and stable market, emphasising the need to adopt measures like increased localisation, use of technology, new-gen mobility and increased participation in the global value chain.

“We were thrilled to be a part of the Auto Resurgence Summit 2020. Joining hands with CII was a great opportunity for us to tap the Indian market and reach out to our partners there. The pandemic has revealed the vulnerability of supply chains and demonstrated the need to have resilient ones,” said Mohammed Al Muallem, CEO & Managing Director, DP World, UAE Region and CEO of Jafza.

The DP world has got significant presence in India. DP World’s network spans a wide range of ports in the Indian subcontinent. It is the first global operator with a pan-India license in Indian freight rail industry.

Last year, DP World, UAE Region had launched the India-UAE Bridge, a major project that aims to attract Indian trade and investments to its flagships, Jebel Ali Port and Jafza.

Also Read: September becomes India’s worst pandemic month

Also Read: India extends Int’l flight ban till Oct 31

Previous Story

UAE, China relations built upon mutual respect: Sharjah Chamber

Next Story

Lebanon, Israel to hold talks on border

Latest from BUSINESS

India’s Job Market Surges

With hiring levels on the rise, compensation is expected to increase by 12-15% in metro cities and by 18-22% in emerging cities

India Inc Eyes Upswing

Private equity (PE) remained comparatively stable in Q2, clocking 357 deals worth $7.4 billion — the second-highest volume since Q4 2022. However,

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite