Maersk to invest $5 billion in India’s trade and logistics

Looking at the country’s rapid growth and expanding infrastructure, Maersk is planning to invest $5 billion in India over the coming years. The announcement was made at a naming ceremony in Mumbai for its 11th dual-fuel methanol vessel, Albert Maersk, the first such event in India in over a century. Vincent Clerc, CEO, Maersk Global said, “There is a bright spot. And this bright spot is India that has hit a stride and where we are seeing an acceleration of the growth and acceleration of development.” For Maersk, this investment will primarily target terminal infrastructure and inland logistics to support the country’s booming trade and industrial expansion.