Arshiya Int'l signs deal with Jurong Int'l

RELATED NEWS Investment by FIIs under PIS : Arshiya International Arshiya Int'l posts 270.88% topline growth in Q3 Arshiya Int'l raises Rs 350cr to part finance FTWZ ALSO READ See latest News about IID Forgings Lt See previous management interviews See what other Experts & Brokerages are saying about IID Forgings Lt Arshiya Intl BSE | NSE 13/02/12 Are Mutual Funds betting on Arshiya Intl?

Arshiya International Ltd. (BSE: 506074), a leading global supply chain services company today signed a major deal with Singapore Government owned Jurong International , to develop three FTWZs in Mumbai, Delhi & Sohar (Oman).

 

Through this deal, Arshiya International Limited has assigned Jurong International with master Planning, architecture and engineering of FTWZs in the above cities. This work would be carried out in three stages, which would bring in the world-class facilities in industrial park development to India & Oman. Arshiya had earlier announced of investing Rs 3000 crores to build three Free Trade Warehousing Zones (FTWZ) in India and Middle East, for providing integrated supply chain services to enhance exim trade.

 

Announcing this today, Mr. Ajay Mittal, Chairman - Arshiya International Ltd., said, "Singapore has been a pioneer in development of such parks around the world through its Government owned company Jurong International. Since Arshiya's vision is to build state of art facilities, it has chosen to assign the entire job of township planning-both internal & external to Jurong International, which is in line with our vision of excelling in every line of business we operate in".

 

Supply chain management and logistics are getting recognized as a critical infrastructure area to sustain India's booming economic growth. Arshiya is poised to take leadership in this segment with some distinct first mover advantages that it has already taken.

 

"We bring in more than four decades of international expertise in Industrial parks having designed, developed and operated the best in Asia. We are excited to partner Arshiya International in their freight zones development that will show case the best global expertise." Commented Mr.Rao Munukutla, CEO of Jurong India.

 

Each FTWZ is of almost 200 acres each and with this signing, the work on FTWZs has been initiated. 

 

Sourced From: Ogilvy Public Relations Worldwide