Kerala Boosts Economy with Landmark Rs 5,000 Crore Investment by Sharaf Group

UAE-based Sharaf Group announced a Rs 5,000 crore investment in Kerala at the Invest Kerala Global Summit. This move, facilitated by the state's pro-business initiatives and skilled workforce, aims to develop two dry ports and create numerous job opportunities, fostering further investment in the region.

The UAE's Sharaf Group has committed a substantial investment of Rs 5,000 crore in Kerala, signaling a significant economic boost for the region. Announced during the Invest Kerala Global Summit, this initiative promises to generate numerous employment opportunities in the state.

The Vice Chairman of Sharaf Group, General Sharafuddin Sharaf, highlighted Kerala's favorable business environment, which influenced their decision to invest. With operations across India for almost three decades, the company's move aligns with Kerala's improved ease of doing business and its extensive talent pool.

Plans include the development of two dry ports, further discussions of which will involve state authorities. P Rajeeve, Kerala's Industries Minister, expressed optimism, welcoming the investment as a catalyst for attracting further business to the state. The event marks a key moment for Kerala's economic landscape.

(With inputs from agencies.)