UAE-based Sharaf Group has unveiled plans to invest Rs 5,000 crore in Kerala over the next five years, citing the state’s favorable business climate and skilled workforce. The investment will be directed towards developing two dry ports, generating numerous job opportunities and driving economic growth in the region.
In a significant boost to Kerala’s industrial and economic landscape, UAE-based shipping and logistics giant Sharaf Group has announced an investment of Rs 5,000 crore in the state over the next five years. The announcement was made by Sharaf Group Vice Chairman, His Excellency General Sharafuddin Sharaf, at the Invest Kerala Global Summit, a key business event aimed at attracting investments to the state.
Sharaf Group, which has been operating in India for nearly three decades and has a presence in seven major cities across the country, has chosen Kerala as its next major investment destination. According to General Sharafuddin Sharaf, the decision to invest in Kerala was driven by the state government’s proactive initiatives to improve the ease of doing business and streamline administrative procedures.
Another crucial factor in this decision was Kerala’s highly skilled and educated workforce, which the company believes will be instrumental in executing its ambitious projects. “The state has a large pool of highly educated and capable human resources, which is a key advantage for businesses looking to establish operations here,” he said at a press conference during the summit.
As part of its investment plan, Sharaf Group will be setting up two dry ports in Kerala. The exact locations of these dry ports will be finalized in consultation with the state government. The move is expected to enhance logistics and trade efficiency in the region, further positioning Kerala as a key player in India’s shipping and logistics sector.
General Sharaf expressed optimism that this investment would attract further business opportunities to Kerala. “Investment attracts more investment. As more companies come, it will energize the sector and create a robust ecosystem for trade and commerce,” he stated.
The announcement was welcomed by Kerala’s Industries Minister, P Rajeeve, who termed it as “positive news” for the state. He highlighted that the investment would generate a significant number of job opportunities and strengthen Kerala’s appeal as a business-friendly destination. “The arrival of Sharaf Group in Kerala will encourage more companies to invest in the state, leading to overall economic growth,” Rajeeve noted in a Facebook post, adding that further discussions would be held to facilitate the investment process.
The two-day Invest Kerala Global Summit, where this announcement was made, commenced on Friday. Organized by the Government of Kerala in collaboration with industry organizations, the summit aims to attract global investments across multiple key sectors. The event focuses on areas such as artificial intelligence and robotics, aerospace and defense, logistics, maritime industries, packaging, and pharmaceuticals, among others.
The Sharaf Group’s investment aligns with Kerala’s broader strategy of fostering industrial growth and enhancing its logistics infrastructure. The investment in dry ports is particularly significant, as it will improve cargo movement, reduce transportation costs, and boost trade efficiency.
The Rs 5,000 crore investment is expected to create thousands of direct and indirect jobs in Kerala, offering new employment opportunities across logistics, trade, and related sectors. Additionally, improved logistics infrastructure will benefit small and medium enterprises (SMEs), exporters, and manufacturers, making it easier for them to access domestic and international markets.
Kerala’s efforts to attract global investors are showing positive results, and the Sharaf Group’s decision to invest in the state is a testament to its growing reputation as an investment-friendly destination. As Kerala continues to position itself as a hub for industrial and economic growth, such strategic investments will play a crucial role in shaping its future.
With the backing of major global players like Sharaf Group, Kerala is set to strengthen its standing in India’s logistics and trade sector. The investment is not just a financial boost but also a vote of confidence in the state’s governance, infrastructure, and workforce capabilities.
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