Arshiya International Ltd (Arshiya) has informed BSE that the Company has received the formal approval from the Board of Approval (BOA) of the SEZs for setting up its Free Trade and Warehousing Zone (FTWZ) in Khurja (UP). Arshiyas FTWZ in Khurja is being developed in the heart of the manufacturing hub in the NCR and is the second of the five FTWZs being set up by the Company at different locations in the country. Arshiyas first FTWZ at Mumbai has already received the formal approval of the BOA in December last year which is expected to be the first operational FTWZ, planned to be commissioned by Sep. 2009.

The grant of conversion of the in-principle approval into a formal approval was recommended by the Board of Approval of the Special Economic zones (SEZs) which works under Ministry of Commerce, Government of India at their meeting held on February 23, 2009.

Arshiyas upcoming FTWZ in Khurja is very strategically located connecting the Western & Eastern freight corridors with the manufacturing hub of India in the NCR. As part of a fully integrated Infrastructure, Arshiya plans to additionally invest in creating a dedicated Rail Terminal with the FTWZ in Khurja that would allow pan-India connectivity for its customers through its dedicated Rail Infrastructure service that began operations earlier this month.

The Company would be investing into its Khurja FTWZ in a phased manner. The first phase is expected to be operational by Dec. 2009.

Mr. Ajay S Mittal, Chairman & Managing Director, Arshiya International Ltd, expressed satisfaction about the said developments where the Company has obtained formal approval for its FTWZs in JNPT and NCR. This would improve cost effectiveness to the customers, especially in these difficult times according to him.