Strategic MoU aims to develop ports, logistics parks, and digital trade corridors for stronger bilateral ties
In a move set to significantly enhance economic and infrastructure cooperation between India and the UAE, RITES Limited, India’s leading transport consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with global logistics powerhouse DP World.
The collaboration focuses on developing critical trade-enabling assets like ports, multimodal logistics parks, rail connectivity, free trade zones, and digital trade corridors, reported egov.eletsonline.com.
The MoU was formalized during the ‘CEO-Connect: Dubai-India Economic Ties & Opportunities’ event held in Mumbai
The signing ceremony was graced by HH Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy Prime Minister, and Piyush Goyal, India’s Minister of Commerce and Industry
Also present were Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Rahul Mithal, Chairman and Managing Director of RITES.
This partnership complements the momentum created by the Virtual Trade Corridor (VTC), launched in 2024, which simplifies cross-border trade through the digital integration of customs and logistics systems. Supported by MAITRI, the VTC initiative has already started reshaping how India and the UAE conduct business.
RITES CMD Rahul Mithal called the agreement “an opportunity to create transformative synergies across infrastructure projects,” while DP World’s Sultan Ahmed bin Sulayem emphasized that the collaboration would “unlock opportunities, drive innovation, and diversify global trade routes.”
This strategic partnership is expected to attract new investments, enhance supply chain resilience, and deepen the India-UAE economic relationship, positioning both countries as pivotal players in global logistics and trade ecosystems.
