Dubai World is planning to set up a seven-star tourist resort in the tea gardens of Darjeeling, India, for Rs1.5 billion (Dh124 million), according to the Business Standard.
The newspaper reported that Dubai World Chairman Sultan Ahmed bin Sulayem is seeking a local partner for the project. He is due to meet West Bengal Chief Minister Buddhadeb Bhattacharjee today to discuss the matter.
The West Bengal Tea Development Corporation owns five tea gardens that have been identified for tea tourism and Bin Sulayem is due to visit them during his two-day tour.
Bin Sulayem will also discuss the setting up of an airport near Kolkata and a minor port at Kulpi, in which DP World holds a 44.5 per cent stake, said Business Standard.
The Bagdogra airport, which serves the state, is owned by the Indian Air Force (IAF), and although civilian aircraft are permitted to land there, the IAF has made it clear that it is not happy with the arrangement. Thus, there is a need for a new airport in the region.
Speaking ahead of the visit, Bin Sulayem emphasised the UAE's relationship with India, saying: "India is a vibrant economy and we at Dubai World believe the close relationship between our two countries forms a strong base on which long-term business commitments can be built.
Kulpi Port
Dubai World Chairman Sultan Ahmed bin Sulayem, said he is keen on pursuing investment opportunities in India and reaffirmed his commitment to the Port of Kulpi, being developed by DP World.
DP World CEO Mohammed Sharaf, added: "The Kulpi port is an important link in our global network of terminals and will help India's businesses grow through the efficient provision of quality container handling services." The DP World development of Kulpi Port, 60 kilometres downriver from Kolkata, will include all-weather port facilities, a ship-breaking yard and an industrial park. The marine terminal will have a 450-metre quay and handling capacity of 650,000 TEU. The first phase of the port development will be completed at the end of 2009.
Kolkata is currently served by government-run terminals and the nearby port of Haldia.
By Anthony Richardson
© Emirates Today 2007
