Arshiya International ties up with Tata BlueScope Steel

MUMBAI: Logistics player Arshiya International said it has partnered with Tata Group company Tata BlueScope Steel to create warehousing infrastructure at country's first Free Trade and Warehousing Zone (FTWZ).

The FTWZ developed by Arshiya at Panvel near Mumbai will have five buildings being built by Tata BlueScope with an advanced roofing system that is warranted for 10 years leak-proof performance, a statement issued here said.

Tata BlueScope Steel is an equal joint venture between Tata Steel and building solutions provider BlueScope Steel.

Apart from the Panvel FTWZ, Arshiya is developing similar facilities in Khurja near Delhi, Nagpur, Chennai and Haldia.

Each FTWZ is typically around 200 acres in size and according to a senior company official, requires investments of up to Rs 700 crore, it added.