UAE’s Sharaf Group Invest ₹5,000 Cr boost for Kerala logistics
Sharaf Group to invest in Kerala logistics, boosting growth and global appeal
UAE’s Sharaf Group Announces ₹5,000 Crore Investment in Kerala’s Logistics Sector
Sharaf Group, a shipping and logistics corporation located in the United Arab Emirates, has announced a ₹5,000 crore investment in Kerala with the goal of enhancing the state’s shipping and logistics infrastructure. “I am confident that the new capital infusion will strengthen the sector,” said Sarafuddin Sharaf, group vice chairman.
Businesses are looking to invest in two parts of Kerala, although the specific sites have not yet been made public. In addition to showcasing the state’s increasing appeal for global investment, Sharaf commended the Kerala administration for organizing the Invest Kerala Global Summit so well.
With operations in seven major cities, the Sharaf Group has been actively involved in India’s railway, shipping and logistics industries for over 20 years. The additional investment supports Kerala’s efforts to attract fresh funds and promote sectoral economic expansion.
Principal Secretary for Industries A.P.M. Mohammed Hanish confirmed that the company and the company had previously discussed potential investments in Kerala.
