Dubai: Emerald Maritime, a Dubai based dry bulk owner, has stepped up its plans to grow its bulk cargo export-import market share in India. Currently, Emerald has more than 50% of the annual business portfolio dedicated to imports of coal in India, the firm claim in a release.
In a statement from Dubai, Capt. Jitesh Jaipuriyar, managing partner and COO of Emerald Maritime said his company has intensified its focus in India. His company appointed an ex Tata group svp, Capt. Dharinder Bhatia, who is based in Chennai to spearhead operations in India. Emerald is currently evaluating prospects of expanding and diversifying its portfolio in India inorganically moving into both breakbulk and containershipping.
“We find there is a lack of awareness regarding supply chain and its contribution to make life better for all and we would like to highlight them and bring about the change,” said Jitesh.
Emerald Maritime posted a turnover exceeding $30m in its current financial year, a fast growth considering it is just 18 months old. In the next three to five years, it expects to grow at least five times in terms of revenue as well as have offices in Singapore and Hong Kong in addition to its growing presence in India. [12/01/14]