DP World's Mundra Terminal to Boost India's GDP by $9.2 Billion by 2035
DP World's Mundra terminal may add $9.2 bn to India's GDP: Report
Image: Asianet Newsable
DP World's Mundra International Container Terminal in Gujarat is projected to add $9.2 billion to India's GDP by 2035, enhancing trade connectivity and supporting employment. The terminal has already contributed $128.9 million to GDP in 2024 and supports around 1,880 jobs nationwide.
- 01Mundra International Container Terminal (MICT) has handled over 19 million containers since its commissioning in 2003.
- 02In 2024, MICT contributed $128.9 million to India's GDP, with $118.8 million in Gujarat alone.
- 03The terminal supports approximately 1,880 jobs across India, including 1,240 in Gujarat.
- 04MICT's multimodal rail connectivity enhances supply chain efficiency across multiple states.
- 05DP World invests in community initiatives, including education and healthcare, benefiting thousands in the region.
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According to a report by Oxford Economics, DP World's Mundra International Container Terminal (MICT) is set to contribute an additional $9.2 billion to India's GDP by 2035 through improved shipping connectivity and trade growth. The terminal, operational since 2003 in Gujarat, has already handled over 19 million containers, including 1.4 million TEU in 2024. In that year, MICT contributed $128.9 million to India's GDP, with $118.8 million coming from Gujarat, and supported around 1,880 jobs nationwide. The report emphasizes that MICT's enhanced connectivity has the potential to drive an additional $6.4 billion in exports by 2035. Furthermore, the terminal promotes workforce inclusion, with nearly 25% of jobs held by women and 10% of employees under 25 years old. DP World is also involved in community development initiatives, including digital learning support for 3,643 students and healthcare services for nearly 20,000 people annually.
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The terminal's operations are expected to enhance economic activity in logistics, transportation, and manufacturing, significantly benefiting Gujarat and surrounding regions.
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