Saudi Arabia’s state-run shipping company Bahri plans to expand its business in India, encouraged the country’s consistent economic growth and its focus on manufacturing, its chief executive said.
“We are very committed now to the Indian market. It’s very promising. India’s GDP is about 7%, which is excellent compared to any other country’s growth. Analysts believe it will be 6%-7% for the next 4-5 years,” Ibrahim Al-Omar told ET in an interview.
The shipping major handles complete transportation for Saudi Arabian national oil company, Aramco and has been associated with Indian corporates like Reliance Oil in the crude oil transportation segment. It counts Tata and the Mahindra groups among its breakbulk services clients. Break bulk is a system of transporting cargo in separate pieces, rather than in containers. Read More…
Credit By: economictimes.indiatimes.com
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