It is also setting up a captive power plant to service the energy requirements of the clinker unit.
"Through this investment we hope to contribute to the overall economic development of Fujairah as well as create new direct and indirect job opportunities," Parth Jindal, managing director, JSW Cement, was quoted as saying in the release.
"We expect to commission the clinker unit by December 2019," said Jindal.
Crown Prince of Fujairah Sheikh Mohamed Bin Hamad Al Sharqi said the attractive environment, laws, regulations and the developed business infrastructure for transportations and logistic facilities have contributed in launching different investment projects in Fujairah.
JSW Cement said all business initiatives are driven to achieve the targeted financial, production and sales growth position and list the company publicly in the next few years.
"Backed by a strong distribution and manufacturing network, JSW Cement is currently well-equipped to service key markets across south, east and west India,"it added.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)