India’s Jagdamba Global Equipment Solutions, a promoter of Jagdamba Trailers that specializes in heavy industries such as trailers, semi-trailers, steel structures, and oil pipelines, has chosen the Hamriyah Free Zone Authority (HFZA) in Sharjah as the regional headquarters for its first expansion step outside India.
The strategic move by Jagdamba not only reflects the growing appeal of the Hamriyah Free Zone Authority (HFZA) but also enhances Sharjah’s position as a key hub for foreign investment.
The company announced its plans to construct a factory in the free zone, sprawling over approximately 644,000 square feet, during the signing of a Memorandum of Understanding (MoU) between Jagdamba and HFZA.
The signing ceremony was attended by HE Saud Salim Al Mazrouei, Director of the Hamriyah Free Zone Authority (HFZA), and Umesh Agrawal, Chairman of Jagdamba Trailers India, as well as other senior officials from both entities.
Under the agreement, Jagdamba Global Equipment Solutions will construct its factory in the Hamriyah Free Zone with an initial investment of AED 30-35 million ($8-$20 million). The new facility will initially employ 120 workers, with plans to increase this number as the company’s operations expand locally, regionally, and globally.
Saud Salim Al Mazrouei Director – HFZA
“We are committed to continually enhancing the infrastructure and services in HFZA to meet the needs of investors and customers, providing them with a competitive edge that fosters their growth and expansion. We will spare no effort to advance this sector by cultivating a dynamic work environment that benefits all companies engaged in this crucial area.”
Founded in India in 2018, Jagdamba Trailers has become a prominent manufacturer and supplier of various types of trailers. In the financial year 2023-2024 alone, the company produced over 2,500 trailers, bringing its total output since inception to more than 6,000 units.
Jagdamba provides comprehensive industrial solutions in manufacturing and installation for heavy industries, including power, steel, and cement plants. Its diverse client base spans construction companies, transportation firms, railways, and entities in the oil and gas sector. The company boasts over 1,200 employees at its main headquarters.
Gyan Singh Kshatriya, Director of Jagdamba Trailers India, said that, “Our decision to establish Hamriyah Free Zone as the hub for our international expansion was influenced by several key factors. The process was swift and efficient, from acquiring the land plot for our factory to the suitability of the land area for our manufacturing needs, coupled with its strategic location. Hamriyah Free Zone offers a competitive edge to our operations, providing an industrial ecosystem that supports our import and export efforts, enhances operational efficiency, and boosts productivity. This is very important for us as we aim to expand our market reach into the Middle East and Africa.”
