Industry, Logistics & Shipping

Top Indian firm to set up manufacturing unit in Rakez

Ras Al Khaimah Economic Zone (Rakez) has recently added another Indian conglomerate to its client portfolio – Motherson Sumi Systems Ltd (MSSL), a global leader in automotive wiring harnesses.
MSSL is set to produce a broad portfolio of products including wiring harnesses, rear view mirrors for passenger cars, injection moulded products and many more from its Rakez manufacturing unit.
MSSL held a ground breaking ceremony at Rakez Al Hamra Industrial Zone to mark the beginning of the construction of its factory which is presently being built on a land that stretches to over 21,000 sq m. The company's operations are expected to officially commence on the second quarter of 2020.
Vivek Chaand Sehgal, chairman of MSSL, said: "We are very glad to have taken this important step of setting up our manufacturing facility in the fast-growing emirate of Ras Al Khaimah. This provides us great opportunities for larger exposure to the global markets. We are truly proud to be working in conjunction with Rakez, which is among the leading economic zones in the region."
Welcoming MSSL to the Rakez family, Ramy Jallad, group CEO of Rakez, said: "We consider the coming of Motherson to our thriving industrial ecosystem as another significant milestone in our commitment to underpinning the industrial growth in the emirate. This very industry is among the leading contributors to the emirate's stability and strength in tackling economic headwinds. I'm sure that Motherson is one of the great additions we are going to have this year."
Rakez is a powerhouse business and industrial hub established by the Government of Ras Al Khaimah in the UAE. It currently hosts over 14,500 companies coming from over 100+ countries and operating in more than 50 industries.
Rakez offers entrepreneurs, startups, SMEs and manufacturers a wide-range of solutions, including free zone and non-free zone licences, customisable facilities, and first-class services provided in a one-stop shop. It has six specialised zones that are tailored to specific needs of investors: a Business Zone for commercial and service companies; Al Ghail, Al Hamra and Al Hulailah Industrial Zones for manufacturers and industrialists; a Media Zone for the creative firms; and an Academic Zone for educational providers. - TradeArabia News Service