Arshiya International to invest Rs 3,000 cr

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Mumbai, Dec 12 (UNI) Arshiya International, India-based knowledge driven solution company, will invest over Rs 3,000 crore in India and Middle-East.

The strategic investment is planned in two phases spread over five years.

In the first phase, the investment would be approximately Rs 1,800 crore for the development of three Free Trade Warehousing Zones (FTWZ) -- West Zone (near JNPT, Mumbai), North Zone (near Delhi) and Sohar Port (Oman) -- and also an investment for operation of container trains on a pan India basis using the Indian Railway network.

The Company is in the process of evaluating various options for raising funds for the project. The land required for the FTWZ near JNPT is near completion for acquisition and the land acquisition process for FTWZ in Delhi has already started.

Arshiya International Chairman Ajay S Mittal here today said, ''We strongly feel that the FTWZ infrastructure will improve exim trade and will provide customers value added services beyond traditional logistics and supply chain services.'' The Company has also formed a Global Advisory Board comprising Prof G Raghuram of Indian Institute of Management, former director of World Economic Forum (Asia Pacific) and current President Horasis Dr Frank Richter, The Wharton Fellows Program Lauder Professor and Academic Director Dr Jerry (Yoram) Wind and President of Forbes Asia William Adamapoulous.

Arshiya International has offices spanning across India, Singapore, Hong Kong, Dubai, Qatar, Oman and the United States.

UNI

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