Sharaf group has been involved with India over the last more than 20 years in logistics, shipping and railways.
| Photo Credit: sharafgroup.com
The UAE-based Sharaf Group announced here on Saturday (February 22, 2025) that the shipping and logistics giant will invest ₹5,000 crore in Kerala. Sarafudin Sharaf, Vice-Chairman of the group, expressed optimism that the fresh investments will help energise the sector.
The UAE group is expected to invest in two locations in Kerala in logistics and shipping. However, the locations of the investments were not divulged.
He praised the Kerala government for the efficient way in which the Invest Kerala Global Summit is being organised here. He said that the Sharaf group has been involved with India over the last more than 20 years in logistics, shipping and railways. The company has a presence in seven major cities.
He said that the new investment decision will help to give more energy to the sector as Kerala is trying to attract fresh investments into the State.
A. P. M. Mohammed Hanish, Principle Secretary, Industries, who was present at the press meet with the UAE based company official, said that discussions had been held earlier with the shipping and logistics company on potential investments in Kerala.
Published – February 22, 2025 12:14 pm IST
