| Mumbai, India, February 9, 2008: Arshiya International Ltd. (BSE: 506074), a leading global supply chain services company today signed a major deal with Singapore Government owned Jurong International, to develop three FTWZs in Mumbai, Delhi & Sohar (Oman). |
| Through this deal, Arshiya International Limited has assigned Jurong International with master Planning, architecture and engineering of FTWZs in the above cities. This work would be carried out in three stages, which would bring in the world-class facilities in industrial park development to India & Oman. Arshiya had earlier announced of investing Rs 3000 crores to build three Free Trade Warehousing Zones (FTWZ) in India and Middle East, for providing integrated supply chain services to enhance exim trade. |
| Announcing this today, Mr. Ajay Mittal, Chairman "� Arshiya International Ltd., said, "Singapore has been a pioneer in development of such parks around the world through its Government owned company Jurong International. Since Arshiya's vision is to build state of art facilities, it has chosen to assign the entire job of township planning-both internal & external to Jurong International, which is in line with our vision of excelling in every line of business we operate in." |
| Supply chain management and logistics are getting recognized as a critical infrastructure area to sustain India's booming economic growth. Arshiya is poised to take leadership in this segment with some distinct first mover advantages that it has already taken. |
| "We bring in more than four decades of international expertise in Industrial parks having designed, developed and operated the best in Asia. We are excited to partner Arshiya International in their freight zones development that will show case the best global expertise," commented Mr.Rao Munukutla, CEO of Jurong India. |
| Each FTWZ is of almost 200 acres each and with this signing, the work on FTWZs has been initiated. |
| About Arshiya International |
| Arshiya International Ltd is an Indian headquartered multinational company with offices spanning across India, Singapore, Australia, Dubai, Qatar, Oman and the United States. 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. |
| Arshiya is rapidly expanding its business capabilities through continuous internal development and aggressive acquisitions in complimentary space. Arshiya's key business entities currently include: Cyberlog Technologies (which provides global I.T systems, software development and business process outsourcing services), BDP India and Gulf (which provides shipping and global logistics services to its customers), BDP-Genco (focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain management) and Arshiya's Knowledge Centre (which will encompass specialised consulting services). |
| About Jurong International |
| JURONG International is a multi-disciplinary organisation, with a well-proven track record in Design & Build, Consultancy and Facilities Management services. Its project presence spans the globe in over 129 cities, 34 countries, with offices in China, India, and Middle East. To date JURONG International has created 6,000 ha of land from the sea, 320,000 ha of master plans, 10 million square meters of industrial & residential building space, 87,000 sq m of lab space and 6,500 deep water berths. It is also involved in projects in Panama, Qatar, Jordan and Russia. JURONG International prides itself in delivering quality assurance, creative concepts and value-add services with a niche. One of the key achievements of Jurong International is 70 sq Kms Suzhou Industrial Park in China |
| JURONG International is a wholly owned subsidiary of JTC Corporation in Singapore of Ministry of Trade & Industry, Government of Singapore. |
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