DP World

Logistics company DP World on Friday announced entering into a partnership with Delhi Capitals cricket team of Indian Premier League (IPL). "DP World is now the Global Logistics Partner of the popular cricket franchise. As part of the long-term partnership, it will provide the necessary logistical support and expertise to Delhi Capitals team throughout the season," the company said in a statement. Under the partnership, the branding of DP World will also be carried by the team on their match jerseys as well as training gears, it said. Rizwan Soomar, CEO & MD India Subcontinent & Sub-Saharan Africa, DP World, said: "Over the years, cricket has transformed itself, with ever evolving formats unlocking enormous potential for players across the world and making the game engaging and exciting for a diverse set of audiences. Similarly, DP World is relentlessly focused on innovation, constantly seeking out new opportunities to revolutionise global trade and open opportunities for our .

This is the single largest investment by NIIF's master fund and takes the vehicle's total investment in DP World's India arms to $500 million, as per an official statement

Will be setting up a new container terminal, cold storage and sea food processing zone among other units; 4,500 to be created

The tenders of VO Chidambaranar Port Trust and Paradip Port have received interest from Adani Ports and Special Economic Zone, Dubai government-owned DP World, Essar, and others

NSBP, a special purpose vehicle, is a co-developer for the Jawaharlal Nehru Port Trust (JNPT) SEZ

The transaction is expected to close in the first quarter of 2020.

Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade

Dubai-owned DP World operates several ports in South America, including a container terminal in Peru's Port Callao

The company has earmarked $1 bn towards investment in India, employed in growing logistics sector

The Dubai-based firm now supports over 30% of India's container trade