On Wednesday, the National Investment and Infrastructure Fund (NIIF) was promoted by the Indian government. This fund had invested USD 300 million or Rs 2,250 crore for a 22.5 per cent stake in Hindustan Ports as a local arm of UAE’s DP World.

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NIIF is the most significant investment by the master fund, which takes the vehicle’s total investment in DP World’s India arms to USD 500 million.

More than 5 million terminals TEU or standard 20ft container unit capacity and accounts for a market share of over 20 per cent were managed by Hindustan Ports.