Mumbai: In a major push to strengthen India-UAE economic and infrastructure ties, RITES Limited, a premier transport consultancy and engineering firm, has signed a Memorandum of Understanding (MoU) with global logistics giant DP World. The collaboration will focus on developing key infrastructure assets including ports, multimodal logistics parks, rail connectivity, free trade zones, and digital trade corridors.
The MoU was inked during the high-profile event ‘CEO-Connect: Dubai-India Economic Ties & Opportunities’ in Mumbai, in the presence of HH Sheikh Hamdan Bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and UAE Deputy PM, and Piyush Goyal, India’s Commerce and Industry Minister. Also in attendance were Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, and Rahul Mithal, CMD of RITES.
This agreement aligns with the larger goal of enhancing cross-border connectivity and resilient supply chains, and builds upon the Virtual Trade Corridor (VTC) launched in 2024. The VTC, supported by MAITRI, a digital platform under development with RITES, aims to simplify trade through digitized integration of customs and logistics.
Rahul Mithal called the alliance “an opportunity to create transformative synergies across infrastructure projects,” emphasizing its role in expanding the international footprint of “RITES Videsh.”
Sultan Ahmed bin Sulayem hailed the agreement as a milestone in boosting India-UAE infrastructure collaboration, stating it would “unlock opportunities, drive innovation, and diversify global trade routes.”
The partnership is expected to catalyze investment, enhance logistics efficiency, and deepen economic cooperation between the two nations.
