India's Jagdamba Global Equipment Solutions has announced that it has signed a cooperation agreement with the Hamriyah Free Zone Authority (HFZA).
Jagdamba Company signed cooperation agreement with HFZA
news agency wam , 29 Jul 2024 - 20:51
India's Jagdamba Global Equipment Solutions has announced that it has signed a cooperation agreement with the Hamriyah Free Zone Authority (HFZA).
According to Amac News: Jagdamba Company of India, which is the promoter of Jagdamba Trailers and specializes in heavy industries, said that this agreement has been signed for the construction of a factory in the free zone, with an area of about 644,000 square feet.
The company has selected Hamriyah in Sharjah as the regional headquarters for its first phase of expansion outside India.
According to this agreement, Jagdamba Global Equipment Solutions will build its factory in Hamriyah Free Zone with an initial investment of 30-35 million dirhams.
Established in 2018 in India, Jagdamba Trailers has become a leading manufacturer and supplier of various types of trailers.
The expansion of Jagdamba into the HFZA reinforces the region's reputation as a major hub for foreign direct investment and a vital link to markets around the world.
Story Code: 1127