UAE eyes SME investments from India

A free trade zone in the UAE recently organised a media delegation from India to boost Indian investment and spread awareness about its products and services among Indian companies.

"We are keen to attract small and medium sized enterprises from India and help them set up business in the fastest and the easiest way at RAK FTZ," said Ras Al Khaimah Free Trade Zone Authority Chairman Sheikh Faisal Bin Saqr Al Qasimi.

"The cost-effectiveness of setting up business at RAK FTZ, coupled with value-added services and easy access to neighbouring markets, provides advantages that are unmatched in the region," he said.

According to RAKFTZ, the visit organised last week during November 21 to November 24 had its top management showcasing its key facilities and services on offer, highlighting the salient advantages for Indian businesses in setting up operations at the free zone.

Besides, the media representatives were also briefed on the Indian companies operating at RAK FTZ and the burgeoning trade relations between the UAE and India.

RAK FTZ is home to many Indian organizations and smaller businesses including Cumi Middle East - Murrugappa Group, Kotak Commodities - Kotak Mahindra Ltd, Vinayaka Mission University, Birla Institute of Technology (Ranchi), Bharathi Vidhaypeeth (Pune) and Zoom Developers.

Oussama El Omari, CEO of RAK FTZ, said, "Since our inception, almost 2,000 Indian companies have set up operations at RAK FTZ. Given the huge investment potential, we were happy to showcase our unique facilities and services to key media representatives from India."

Omari said that as an emerging economic power, India deserved special attention and focus.