UAE-based Sharaf Group to speculate ₹5,000 cr. in Kerala

Sharaf group has been concerned with India during the last greater than 20 years in logistics, transport and railways.
| Photograph Credit score: sharafgroup.com

The UAE-based Sharaf Group introduced right here on Saturday (February 22, 2025) that the transport and logistics big will make investments ₹5,000 crore in Kerala. Sarafudin Sharaf, Vice-Chairman of the group, expressed optimism that the contemporary investments will assist energise the sector.

The UAE group is anticipated to spend money on two places in Kerala in logistics and transport. Nonetheless, the places of the investments weren’t divulged.

He praised the Kerala authorities for the environment friendly approach wherein the Make investments Kerala World Summit is being organised right here. He stated that the Sharaf group has been concerned with India during the last greater than 20 years in logistics, transport and railways. The corporate has a presence in seven main cities. 

He stated that the brand new funding determination will assist to present extra vitality to the sector as Kerala is attempting to draw contemporary investments into the State.

A. P. M. Mohammed Hanish, Precept Secretary, Industries, who was current on the press meet with the UAE based mostly firm official, stated that discussions had been held earlier with the transport and logistics firm on potential investments in Kerala.