Arshiya International Ltd on December 12, 2007 announced major strategic investments and plans for India & Middle East.
The strategic investment of over Rs 3000 crores is planned in two phases spread over five years. In the first phase, the investment would be approximately Rs 1800 crores for the development of three Free Trade Warehousing Zones (FTWZ) West Zone (near JNPT, Mumbai), North Zone (near Delhi), Sohar Port (Oman) and also investment in rakes for operation of container trains on a Pan - India basis using 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 has been acquired and the land acquisition for FTWZ in Delhi has already started.
Mr. Ajay S Mittal, Chairman strongly feels 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 of Prof. G Raghuram, of Indian Institute of Management (he is also part of the Board of Directors of the Company), Dr. Frank-Jorgen Richter, former Director World Economic Forum (Asia Pacific) and current President Horasis, Dr. Jerry (Yoram) Wind, Lauder Professor & Academic Director, The Wharton Fellows Program, Mr. William Adamapoulous, President of Forbes Asia. StrategicAdvisors comprising of Mr. Richard Taffet, Corporate Lawyer from one of the leading Law Firms from USA (specializing in IPR and Anti-Trust law) and Dr. John Gattoma, Co-director of the Centre for Supply Chain Research and Professional Fellow in Supply Chain Management at the University of Wollongong, Australia were also present during the announcements. TheGlobal Advisory Board and other Strategic Advisors brings a thought leadership initiative to Arshiyas future plans. |
No comments:
Post a Comment