UAE’s Sharaf Group to invest in India: UAE-based logistics firm Sharaf Group will invest INR 5k crore (c. AED 2.1 bn) in logistics and shipping in the next five years in Indian Kerala State, The Economic Times reports, citing comments made by the group’s Vice Chairman Sharafuddin Sharaf at the Invest Kerala Global Summit. The investments will go into two dry ports, with the locations to be determined after discussions with the state’s government.

UAE players are ramping up India investment plans: Abu Dhabi-based National Marine Dredging Company (NMDC) is planning to invest nearly INR 210 bn (c. USD 2.4 bn) into Mumbai’s Vadhvan Port, a strategic mega port currently developed by DP World and India’s Jawaharlal Nehru Port Authority. DP World also inked several agreements back in January 2024, pledging some USD 3 bn in ports and logistics infrastructure in the Indian state of Gujarat. AD World also inked two MoUs last February to explore investments in the country’s ports infrastructure and logistics sectors.

REMEMBER- India and UAE plan to expand their 10-year trade agreement to include eight new sectors, including logistics, as they aim for upwards of USD 100 bn in annual bilateral trade. The new sectors will also include AI, financial services, and digital technologies.

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