UAE’s Sharaf Group To Invest Rs 5,000 Crore In Kerala’s Logistics, Shipping Sector

UAE-based Sharaf Group has announced a major investment of Rs 5,000 crore in Kerala’s logistics and shipping industry, marking a significant development in the state’s efforts to attract investments, reported The Hindu.

The announcement was made on Saturday (22 February), during the Invest Kerala Global Summit.

Sharafuddin Sharaf, vice-chairman of the Sharaf Group, emphasised that this investment will help invigorate the sector, aligning with Kerala’s push for increased private sector participation. 

While details regarding the specific sites of the investments were not disclosed, the UAE-based group is likely to invest in two locations in Kerala in logistics and shipping.

Sharaf also praised the Kerala government’s efforts in organising the Invest Kerala Global Summit. 

He noted that the Sharaf Group has maintained a strong presence in India for over two decades, with operations spanning logistics, shipping, and railways 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.

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