Palwal Logistics Park: A leading example of UAE's successful investments in India

05/04/2023 General | Ministry of Economy

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The UAE-India relations are strong and dynamic, which continue to grow in various fields including trade and investments. Today, the UAE is one of the top global investors in India that continues to invest through the Sharaf Group in several Indian states such as Haryana, Punjab, Gujarat, Maharashtra, and Tamil Nadu. Sharaf Group's Indian subsidiary Hind Terminals Private Limited is investing in key sectors such as logistics, railway transportation, road transportation and refrigeration stores. 

 

The Palwal Logistics Park developed by Hind Terminals is one of the largest projects by the UAE in the Indian capital New Delhi. During his visit to Palwal Logistics Park on the sidelines of his participation in the CII Partnership Summit 2023, H.E. Abdullah Bin Touq Al Marri, UAE Minister of Economy, stated that the project significantly supports India's transport and logistics industry.

 It is seen as a unique investment model in the logistics field that offers a unique set of capabilities and services that effectively address the needs of importers, exporters, and business owners alike. Integrated logistics solutions The Palwal Logistics Park offers integrated services and solutions and sprawls over an area of 5 million sq ft. It features a 65,000 sqm container yard, 9,000 sqm of warehouses, 9,360 sqm of space for chillers, another 65,000 sqm space for the iron stores area, and 6,500 sqm for general warehouses, in addition to train stations and 28 car trailers. H.E. also underlined the geographic significance of the Logistics Park as it connects all Indian cities to the country's ports.Hind Terminals, the owner of Palwal Logistics Park, recently received the necessary licenses from the relevant Indian authorities to transport goods via railways, which will give it an added advantage in the Indian market, in addition to its own railway parking and the capacity to handle of 1.1 million containers as of 2022.

 

 The historic ties between the UAE and India are witnessing rapid growth in various fields, particularly economy, trade and infrastructure, contributing to the sustainable development of both economies. The Palwal Logistics Park adds more value to these efforts, especially in light of the comprehensive economic partnership agreement (CEPA) that was established between the two countries. Besides, the project will positively impact the UAE's investments in foreign markets in general. Over the next five years, Hind Terminals seeks to contribute to the development of a leading competitive economy by mobilizing new investments to expand in other Indian states such as Rajasthan, Haryana and Uttar Pradesh.  Various agreements have also been signed as part of the company's future expansion plans in these states. Hind Terminals' investments span several vital sectors apart from logistics through projects established to ensure flexibility in covering the capacity required for vital facilities and its activities, including infrastructure across India.

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Anonymous Commented on 04/05/2023

الشراكة مع الهند نموذج اقتصادي ناجح .. نشكر جهودكم


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