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Indian industrial firms plan operations in Oman freezone
- Oman: Sunday, September 09 - 2012 at 11:33
A number of Indian firms have unveiled plans to set up operations in Freezone Sohar to target regional markets, Muscat Daily has reported. Among the firms, New Delhi-based KLJ Resources Limited will sign an agreement with Freezone Sohar by the end of this month to invest $30m to set up a chemical plant, while AI Metals is planning to set up a recycling plant for plastic granules at the freezone. "We will import scrap from all the GCC countries and all recycled products will be exported. We are planning an initial capacity of between 500-700MT per month," said J B Krishna Murthy, general manager of AI Metals.
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StaffSunday, September 09 - 2012 at 11:33 UAE local time (GMT+4)
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