UAE Minister of Economy Abdulla bin Touq Al Marri visited Hind Terminals logistics park in Palwal in Haryana and reviewed Hind Terminals current operations in India.
He has been briefed by the group’s senior management on future expansion plans for the Indian market, according to a press release.
Abdulla bin Touq Al Marri traveled to India to attend the Partnership Summit 2023 organized by the Confederation of Indian Industry (CII).
Hind Terminals is the Indian subsidiary of Sharaf Group, headquartered in UAE and engaged in providing end-to-end logistic solutions.
The Deputy Chairman of the Sharaf Group, Salah Sharaf Al Hashmi, welcomed the Minister of Economy of the United Arab Emirates at the logistics park.
The minister toured the facility, which covers an area of over 5 million square feet and is known as one of the largest logistic parks in India, the press release said, adding that the Palwal facility will have 65,000 square meters of container storage, 9,000 square meters of warehouses and 9,360 square meters of space houses chillers, another 65,000 sqm for the iron storage area and 6,500 sqm for general storage as well as train stations and 28 car trailers.
Abdulla bin Touq Al Marri said that UAE investments in foreign markets continue to increase and create a multiplier effect by improving job opportunities, driving trade and economic growth and supporting the UAE’s vision of a new economy based on openness, diversity and create flexibility.
Salah Sharaf said the Palwal Logistics Park is one of the UAE’s biggest projects and contributes positively to the advancement of UAE-India ties in view of the CEPA signed between the two countries in February 2022.
The press release states that Hind Terminals Private Limited is a leading player in Indian logistics infrastructure and has investments in several Indian states including Haryana, Punjab, Gujarat, Maharashtra and Tamil Nadu.
The Sharaf Group is known for its investments in shipping, logistics, utilities and utilities, retail, travel and tourism, financial services, hospitality and real estate, education and manufacturing.