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Sharaf’s investment hunt in India
Sharaf, the UAE-based shipping, freight and logistics group, is to make further investments into logistics parks, freight transport infrastructure and food sectors (supply chains).
Speaking at the UAE-India Economic Forum, Salah Sharaf, executive director of the group, stressed that infrastructure and logistics would be key focus areas in India for the group in the future. “With India and the UAE’s agreement on food security, this is also one of the key areas that we will focus on,” he explained. “We have a presence in five logistics parks in India currently, and plan to add 10 more cities to the list. Our focus is infrastructure because India lags in this segment.”
Salah Sharaf also believes India is now a much easier nation to invest in. “Around 10 years ago, there was a lot of bureaucracy, but now the red tape has been removed, and they are inviting companies to come and invest in their country, and we are happy to oblige,” said Sharaf.
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This complete item appeared in the December 2017 issue of WorldCargo News, on page 14. To access this issue download the PDF here.
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