Arshiya Int. To Invest Rs 3,000 Cr By 2012
Arshiya International is all set to invest around Rs 3,000 crore by next five years (2012), for establishing trade warehousing zones (FTWZs) in India as well as Middle East.
The logistics company would make investment in two different phases.
In the initial stage, Arshiya Int. would invest Rs 1,800 crore on advancement of three free trade warehousing zones (FTWZs) in the West Zone (near Mumbai), North Zone (near Delhi) and Sohar Port in Oman.
The company would invest the remaining Rs 1,200 crore on fortifying its existing business.
Ajay S Mittal, Aeshiya Chairman said, “The FTWZ infrastructure will improve Exim Trade and will provide customers value-added services beyond traditional logistics and supply chain services.”
Presently, the company is assessing different alternatives for raising finances for the project.
The company has already acquired land for the FTWZ near JNPT, and presently, it is involved in the process of acquiring land for FTWZ in Delhi.
Arshiya Int. has also created a worldwide advisory committee consisting Prof. G Raghuram of Indian Institute of Management, Dr Frank-Jorgen Richter, former director, World Economic Forum (Asia Pacific), Dr Jerry (Yoram) Wind, Lauder Professor & Academic Director, The Wharton Fellows Program, and William Adamapoulous, president, Forbes Asia.