11th Feb 2008
Indian supply chain management company, Arshiya International has signed a major deal with Singapore Government-owned Jurong International, to develop three free trade warehousing zones (FTWZ) in Mumbai, Delhi and Sohar (Oman).
By this deal, Arshiya has assigned Jurong International with master planning, architecture and engineering of the FTWZs. This work would be carried out in three stages, which would bring in world-class facilities in industrial park development to India and Oman. Each FTWZ would be about 200 acres.
Arshiya is a leading entity in providing knowledge driven solutions to its global customers specifically focused on the areas of innovative technology, business process outsourcing, supply chain, demand chain and financial flow management services. The company has offices across India, Singapore, Australia, Dubai, Qatar, Oman and the United States.
The company had earlier announced an investment of Rs 3,000 crore (USD 762 mn) to build three FTWZs in India and West Asia for providing integrated supply chain services to enhance exim trade.
Shares of the company slipped Rs 10.70, or 3.63%, to settle at Rs 284.40. The total volume of shares traded was 177,177 at the BSE. (Friday).
http://www.stockwatch.in/arshiya-international-signs-pact-singapore-based-jurong-international-2371