Arshiya Intl receives formal approval for its 2nd FTWZ in NCR

Khurja FTWZ to be operational by Dec, 2009

Arshiya International Ltd. (Arshiya) (BSE: 506074), a global supply chain and logistics infrastructure solutions company, announced today that it has received the formal approval from the Board of Approval (BOA) of the SEZs for setting up its Free Trade and Warehousing Zone (FTWZ) in Khurja (UP). Arshiya’s FTWZ in Khurja is being developed in the heart of the manufacturing hub in the NCR and is the second of the five FTWZs being set up by the company at different locations in the country. Arshiya’s first FTWZ at Mumbai has already received the BOA in December last year. It is expected to be the first operational FTWZ, planned to be commissioned by Sep, 2009.  

The grant of conversion of the in-principle approval into a formal approval was recommended by the Board of Approval of the Special Economic Zones (SEZs) which works under Ministry of Commerce, Government of India at their meeting held on 23rd February, 2009.

Arshiya’s upcoming FTWZ in Khurja is very strategically located connecting the Western & Eastern freight corridors with the manufacturing hub of India in the NCR. As part of a fully integrated infrastructure, Arshiya plans to additionally invest in creating a dedicated Rail Terminal with the FTWZ in Khurja that would allow pan-India connectivity for its customers through its dedicated Rail Infrastructure service that began operations earlier this month.

Commenting on the occasion, Mr. Ajay S Mittal, Chairman and Managing Director, Arshiya International said, “We are very happy with what we have achieved in the last few months where Arshiya has obtained formal approvals for both our FTWZ’s in JNPT and NCR. Our customers are also excited about how this infrastructure, combined with our integrated service offerings will improve their cost effectiveness – especially in these difficult times.”

The company will be investing into its Khurja FTWZ in a phased manner. The first phase will operational by Dec 2009.

About Arshiya International Ltd
Arshiya International Ltd is a global supply chain and logistics infrastructure solutions company and is listed on the BSE. The company is an amalgamation of several strategic verticals (Free Trade Warehousing Zones {FTWZ’s}, Rail, 3PL, 4PL, Trucking, Warehousing & IT) enabling unparalleled operational expertise & solution capability across the entire supply chain spectrum & value chain. Arshiya has additionally developed strong ground operational capability (including Trucking & Warehousing) in the Middle-East, intended to be linked by sea from Mumbai, India to Sohar, Oman & Dubai, UAE. 

Arshiya's key business entities currently include: Arshiya Logistics {which provides shipping and global logistics (3PL) services to its customers under the flagship BDP}, Arshiya Supply Chain Integration {focusing exclusively on India's rapidly expanding retail market for their entire supply/demand chain (4PL) management in partnership with Global Major, Genco}, Arshiya Logistics Infrastructure (focusing on building Free Trade Warehousing Zones in India & the Middle East) Arshiya Rail Infrastructure (with 75 rakes set to become the largest pan-India private container rail operator by 2010) and Arshiya Technology (under the flagship ‘Cyberlog’ which provides global I.T systems, software development and business process outsourcing services in the Supply Chain space)