Tuesday 19 March 2024
 
»
 
»
Story

Electrosteel Castings ... world’s third largest producer of
ductile iron (DI) pipes

India's Electrosteel launches regional hub in Bahrain

MANAMA, February 7, 2016

India-based Electrosteel Castings, the world’s third largest producer of ductile iron (DI) pipes and ancillary products, has inaugurated its new BD2.5 million ($6.6 million) warehouse in Bahrain, said a report.

The new warehouse will be a one-stop-solution for water projects in the Bahrain and Middle East markets, said the Bahrain News Agency report.

The Bahrain facility will act as the company’s regional hub for sales and distribution activities to the Northern Middle Eastern markets, it added.

The company’s inauguration was attended by Osama Al Arrayed, undersecretary for Industrial Affair at the Ministry of Industry, Commerce and Tourism; M K Jalan, director, Electrosteel; Piush Lohia, vice president of Electrosteel; and Khalid Al Rumaihi, chief executive of the Bahrain Economic Development Board (EDB).

EDB provided the support and advice to Electrosteel throughout their registration and setting-up process.

Electrosteel’s Jalan said that the business of distributing the company’s products is logistically demanding, and involves a high cost with transporting huge volumes of cargo.

He noted that Bahrain was selected due to its strategic location and its strong transport network and infrastructure, which link it to other countries in the region.

Additionally, speaking on behalf of the Minister of Industry, Commerce and Tourism, Al Arrayed said that this development is a valuable addition to the logistics sector in Bahrain as the presence of large trading companies provides an impetus to the transportation and logistics sector.

Al Rumaihi said that Electrosteel’s announcement reflects the growing investment by Indian firms in Bahrain, and the efforts being made by these companies to take advantage of the growing demand within the larger region.

He added that Bahrain can offer the company low operational costs and 100 per cent ownership on real estate and assets, and also a highly educated and bilingual local workforce, which will be invaluable as the company continues to expand across the region.




Tags: | Bahrain | India | Warehouse |

More Industry, Logistics & Shipping Stories

calendarCalendar of Events

Ads