Latest news with #SharafGroup
Time of India
02-05-2025
- Business
- Time of India
After inauguration of Vizhinjam port, Kerala govt now seeks to speed up industrialization
T'puram: With the commissioning of the Vizhinjam International Seaport, the state industries department has fast-tracked port-led industrialization under the ambitious Outer Area Growth Corridor (OAGC) project in Thiruvananthapuram. A key move in this direction is the long-awaited Special Investment Region (SIR) Bill, which aims to replace traditional land acquisition with a more investor-friendly land pooling mechanism. According to the industries department, the bill is set to be tabled in the next assembly session. SIR is an area designated by a govt to attract and facilitate investments, often offering incentives and regulatory frameworks tailored to specific sectors or industries. The bill is currently under review by the local self-govt (LSG) and revenue departments. Once their inputs are incorporated, the state cabinet will approve the draft before tabling it in the next legislative assembly session. "The state govt is very serious about port-led industrialisation, which is why the process is moving quickly," said APM Mohammed Hanish, principal secretary of the industries department. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Cost Of Amusement Park Equipment From Mexico Might Surprise You - See Tips Amusement Park Equipment | search ads Click Here Undo The bill was earlier expected to be presented in a previous session but was delayed due to suggestions and revisions from the LSG department. Meanwhile, the Vizhinjam port is drawing a wave of investments in the vicinity. Dubai-based Sharaf Group, a major investor, has expressed strong interest in setting up an inland container terminal near the port. Several logistics firms are also scouting for large land parcels to develop container freight stations, logistics parks, and warehouses. To facilitate this, Kinfra — an agency under the Industries Department — is actively identifying suitable land, including 100 acres for Sharaf Group. It is also exploring over 250 acres for developing an industrial park in the vicinity of the port. Capital Region Development Programme-II (CRDP), the consultant of the state govt, is collaborating with the industries department to implement the OAGC, a strategic corridor aligning with the proposed Outer Ring Road (ORR) from Vizhinjam to Navaikulam. CRDP submitted a comprehensive masterplan last year, which includes a draft report for the creation of the SIR and development of industrial zones. The 78-kilometre ORR will pass through eight proposed economic clusters — Vizhinjam, Kovalam, Kattakada, Nedumangad, Vembayam, Mangalapuram, Kilimanoor, and Kallambalam. These clusters will initially be managed by a govt-formed special purpose vehicle (SPV), which will later partner with private co-developers to execute projects.
Zawya
30-01-2025
- Business
- Zawya
UAE-India Business Council UAE Chapter and Maharashtra forge strategic partnership to drive trade growth
Aims to Enhance Investment, Facilitate Business and Strengthen Economic Ties Between the UAE and the Indian State Dubai, United Arab Emirates: In a significant step towards enhancing bilateral trade and investment, the UAE-India Business Council - UAE Chapter (UIBC-UC) and the Maharashtra Industrial Development Corporation (MIDC), Government of Maharashtra, have entered a strategic partnership, formalized through the signing of a MoU. The MoU was signed during the "UAE – India: Partnership for Enduring Prosperity" event, held at the Waldorf Astoria in Ras Al Khaimah yesterday, aimed at highlighting growing ties between India and the UAE across sectors like manufacturing, tourism, and hospitality. This event was part of a wider celebration of India's 76th Republic Day organized by the Consulate General of India. Aimed at opening new doors for investment and trade between the UAE and Maharashtra and fostering deeper collaboration between UIBC-UC members and the state, this powerful partnership is supported by the UIBC-UC's network of 18 founding members, representing a collective force of leading Indian and Emirati businesses. With over USD 1 trillion in assets under management, these organizations are poised to significantly influence the economic growth and prosperity of both regions. The agreement establishes a comprehensive framework for cooperation, encouraging regular interactions between UIBC-UC members and Maharashtra government officials, including the Hon. Chief Minister of the state. The collaboration will focus on improving the ease of doing business for UAE companies in Maharashtra. Both parties will also work to actively promote investment opportunities in the state to UAE businesses. Moreover, the MoU will facilitate the annual exchange of business delegations between the UAE and Maharashtra, fostering stronger ties and business relationships. The agreement signed by Mr. Kshitij Korde, Head of Corporate Affairs at UIBC-UC and Mr. P. Velrasu, CEO of MIDC, was later exchanged between H.E. Major General (Retd.) Sharafuddin Sharaf, Vice Chairman of Sharaf Group & Vice Chairman of UIBC-UC & Mr. Velrasu, in the presence of H.H. Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, Shri Uday Samant, Hon. Minister of Industries and Marathi Language, Govt of Maharashtra, and H.E. Satish Kumar Sivan, Consul General of India to Dubai and Northern Emirates. This MoU signing was preceded by a closed-door meeting held between Shri Uday Samant, Hon. Minister of Industries and Marathi Language, Govt of Maharashtra; Mr. Deependra Singh Kushwah (I.A.S.) Development Commissioner (Industries); Mr. P. Velrasu, CEO of MIDC; Dr. Vijay Rathod, Joint Chief Executive Officer of MIDC; and UIBC-UC members including H.E. Maj Gen (Retd) Sharafuddin Sharaf, Vice Chairman of UIBC-UC and Vice Chairman of Sharaf Group; Mr. Ankur Gupta, Board Member of UIBC-UC and Head of Corporate Affairs & Growth MENA at Tata Sons; Mr. Neeraj Tekchandani, CEO of Apparel Group, representing UIBC-UC Board Member Mr. Nilesh Ved; and Mr. Pankaj Khandelwal, CFO UAE & India of EFS Facilities Group, representing UIBC-UC Board Member Mr. Tariq Chauhan. Mr. Kshitij Korde – Head of Corporate Affairs at UIBC-UC, and Ms. Neha Sahni – Research Specialist at UIBC-UC, were also present at the meeting. Mr. Faizal Kottikollon, Chairman of UIBC-UC and KEF Holdings remarked, 'This MoU marks a major milestone in strengthening the economic relationship between the UAE and India. By working closely with the State of Maharashtra, we aim to unlock new opportunities for trade and investment that will benefit businesses on both sides.' 'The state visits between the leaders of both countries in the last 4-5 years have been remarkable, with each side visiting more than four to five times, showing the strength of this relationship. Investments have jumped from $40 billion to $60 billion, then to $80 billion, with a target of $100 billion. This reflects the geopolitical shifts and growing economic ties between India and the UAE,' added Major General (Retd.) Sharafuddin Sharaf. About UIBC-UC The UAE India Business Council UAE Chapter (UIBC-UC) is the Official Joint Chamber, established under the patronage of India's Ministry of External Affairs and the UAE's Ministry of Foreign Affairs and International Cooperation. UIBC-UC aims to foster innovative economic collaboration between the two nations. UIBC-UC was inaugurated on February 18, 2023, aligning with the first anniversary of the historic Comprehensive Economic Partnership Agreement (CEPA). The Council, launched by UAE's Hon. Minister of State for Foreign Trade, H.E. Dr. Thani bin Ahmed Al Zeyoudi, in the presence of Ambassador of India to the UAE, Mr. Sunjay Sudhir, and the Consul General of India in Dubai, seeks to amplify CEPA's influence. Committed to ushering in a new era of collaboration, UIBC-UC leverages its unparalleled network of 18 Founding Members representing leading Indian and Emirati business organizations. This consortium manages assets exceeding USD 1 trillion, positioning it at the forefront of fostering dynamic partnerships that shape the economic future of both nations. Building on a rich history of economic ties, UIBC-UC identifies strategic projects that businesses in both countries can undertake. This includes investments in infrastructure, manufacturing, technology, hybrid renewable energy, IT, tourism infrastructure, and shipping, enabling Indian businesses to use the UAE as a base for global expansion. UIBC-UC has played a pivotal role in significant projects like Emaar's Rs 500 crore FDI project in Srinagar, Bharat Mart, and The India Hospital. The Council also influences policy development between India and the UAE, offering members access to high-level delegations and key figures. Additionally, UIBC-UC facilitates involvement in marquee events, provides platforms for exchanging insights and best practices, fosters business networking, and advocates for policies supporting member interests. Ultimately, UIBC-UC envisions playing a vital role in assisting both governments to realize CEPA's objectives of elevating bilateral non-oil trade to USD 100 billion and securing USD 75 billion in investments from the UAE to India by 2030. For more information and to schedule interviews with UIBC-UC please contact: Nandini Vohra The Guild 050457 8233
Khaleej Times
30-01-2025
- Business
- Khaleej Times
UAE-India Business Council UAE Chapter (UIBC-UC) and Maharashtra forge strategic partnership to drive trade growth
In a significant step towards enhancing bilateral trade and investment, the UAE-India Business Council - UAE Chapter (UIBC-UC) and the Maharashtra Industrial Development Corporation (MIDC), Government of Maharashtra, have entered a strategic partnership, formalised through the signing of a MoU. The MoU was signed during the 'UAE – India: Partnership for Enduring Prosperity' event, which aimed to highlight the strengthening ties between India and the UAE across key sectors such as manufacturing, tourism, and hospitality. The event was part of a broader celebration of India's 76th Republic Day, organised by the Consulate General of India. Aimed at opening new doors for investment and trade between the UAE and Maharashtra and fostering deeper collaboration between UIBC-UC members and the state, this powerful partnership is supported by the UIBC-UC's network of 18 founding members, representing a collective force of leading Indian and Emirati businesses. With over $1 trillion in assets under management, these organisations are poised to significantly influence the economic growth and prosperity of both regions. The agreement establishes a comprehensive framework for cooperation, encouraging regular interactions between UIBC-UC members and Maharashtra government officials, including the Chief Minister of the state. The collaboration will focus on improving the ease of doing business for UAE companies in Maharashtra. Both parties will also work to actively promote investment opportunities in the state to UAE businesses. Moreover, the MoU will facilitate the annual exchange of business delegations between the UAE and Maharashtra, fostering stronger ties and business relationships. The agreement signed by Kshitij Korde, head of corporate affairs at UIBC-UC and P. Velrasu, CEO of MIDC, was later exchanged between Major General (Retd.) Sharafuddin Sharaf, vice chairman of Sharaf Group and vice chairman of UIBC-UC and Velrasu, in the presence of Sheikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah, Uday Samant, Minister of Industries and Marathi Language, Govt of Maharashtra, and Satish Kumar Sivan, Consul General of India to Dubai and Northern Emirates. This MoU signing was preceded by a closed-door meeting held between Uday Samant, Minister of Industries and Marathi Language, Govt of Maharashtra; Deependra Singh Kushwah (I.A.S.) Development Commissioner (Industries); P. Velrasu, CEO of MIDC; Dr Vijay Rathod, joint CEO of MIDC; and UIBC-UC members including Maj Gen (Retd) Sharafuddin Sharaf, vice chairman of UIBC-UC and vice chairman of Sharaf Group; Ankur Gupta, board member of UIBC-UC and head of corporate affairs and growth MENA at Tata Sons; Neeraj Tekchandani, CEO of Apparel Group, representing UIBC-UC Board Member Nilesh Ved; and Pankaj Khandelwal, CFO UAE & India of EFS Facilities Group, representing UIBC-UC Board Member Tariq Chauhan. Kshitij Korde – head of corporate affairs at UIBC-UC, and Neha Sahni – research specialist at UIBC-UC, were also present at the meeting. Faizal Kottikollon, chairman of UIBC-UC and KEF Holdings remarked: "This MoU marks a major milestone in strengthening the economic relationship between the UAE and India. By working closely with the State of Maharashtra, we aim to unlock new opportunities for trade and investment that will benefit businesses on both sides." "The state visits between the leaders of both countries in the last 4-5 years have been remarkable, with each side visiting more than four to five times, showing the strength of this relationship. Investments have jumped from $40 billion to $60 billion, then to $80 billion, with a target of $100 billion. This reflects the geopolitical shifts and growing economic ties between India and the UAE,' added Major General (Retd.) Sharafuddin Sharaf.
