Infrastructure
A P Moller Capital And JSW Infrastructure Announce Joint Venture For Indian Ports And Logistics Ecosystem
V Bhagya Subhashini
May 24, 2024, 05:31 PM | Updated 05:31 PM IST
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Denmark-headquartered infrastructure fund manager A P Moller Capital, part of the A P Moller Group, has announced a joint venture with Mumbai-listed JSW Infrastructure, India’s second-largest private port operator, to invest in and develop the country's ports and logistics ecosystem.
The two companies signed a memorandum of understanding, signalling their commitment to the creation of this joint venture, according to A P Moller Capital. This partnership is a strategic move to expand their transport and logistics portfolio in India.
A P Moller Capital focuses on critical infrastructure investments within transportation and energy transition, backed by Danish and international institutional investors.
Robert M Uggla, the chairman of A P Moller Maersk, also serves as the chairman of A P Moller Capital. The A P Moller Group operates Maersk Line, one of the world's leading container shipping lines, and APM Terminals Management, a global container port operator.
In February, A P Moller Capital announced the opening of a new office in Singapore to bolster its investment activities in South and Southeast Asia, aiming to commit over $750 million into infrastructure projects in the region.
The firm currently manages over $1.5 billion across 16 projects, focusing on supporting food and mineral security, decarbonisation, and sustainable economic growth.
"We are very excited to now also offer our leadership and experience within transport, logistics, and decarbonisation to South and Southeast Asia, expanding our focus on investments and developments in high-growth markets while generating attractive returns for our investors," said Kim Fejfer, CEO and Managing Partner of A P Moller Capital.
"The opening of the Singapore office demonstrates our commitment to building a highly successful long-term investment business across the Asia region."
The new office and A P Moller Capital’s Asia strategy will be led by Partner Dhruv Narain.
"This is the next exciting step in the growth of A P Moller Capital and our investment business in Asia, where we see significant opportunities to fulfill our purpose of executing on investments that benefit our investors while positively impacting the community," Narain stated in February, according to Economic Times report.
Dhruv Narain joined A P Moller Capital in August 2022, bringing over 21 years of experience from leading investment teams in Asia, Europe, and the Americas at Macquarie, the World Bank’s International Finance Corporation, the Abu Dhabi Investment Council (part of the Mubadala Group), and GCM Grosvenor. The Asia team also includes T P Chopra, based out of India.
Save & read from anywhere!
Bookmark stories for easy access on any device or the Swarajya app.
Support Swarajya's 50 Ground Reports Project & Sponsor A Story
Every general election Swarajya does a 50 ground reports project.
Aimed only at serious readers and those who appreciate the nuances of political undercurrents, the project provides a sense of India's electoral landscape. As you know, these reports are produced after considerable investment of travel, time and effort on the ground.
This time too we've kicked off the project in style and have covered over 30 constituencies already. If you're someone who appreciates such work and have enjoyed our coverage please consider sponsoring a ground report for just Rs 2999 to Rs 19,999 - it goes a long way in helping us produce more quality reportage.
You can also back this project by becoming a subscriber for as little as Rs 999 - so do click on this links and choose a plan that suits you and back us.
Click below to contribute.