India a key market Sharjah free trade zones
Hamriyah Free Zone Authority (HFZA) organized road shows in Ludhiana and Chandigarh and participated exhibition in New Delhi recently.
“India is a key-market for HFZA. Based on mutual interests, the UAE enjoys a warm economic relationship with India. Currently, a number of Indian companies are expanding to the region to ensure their presence in Middle East,” said Saud Salim Al-Mazrouei, director of Hamriyah Free Zone Authority (HFZA) and Sharjah Airport International Free Zone (SAIF ZONE).
“During the first half of this year, over 276 Indian companies registered in HFZA and more are coming. The UAE has become a global transit point and gateway to India, Africa and Asia and HFZA is very keen to expand its operations,” he added.
“The annual International show, “Franchise India 2014” that was held in New Delhi was a huge success and we interacted with potential Indian firms and global investors”, said Hamad Al-Shamsi, head of sales at Hamriyah Free Zone Authority (HFZA), who led the delegation to India.
The event attracted more than 35,000 business investors from India and neighboring countries including the Middle East, Nepal, Pakistan and Sri Lanka and others.
At separate road shows in Chandigarh and Ludhiana cities in Punjab state, the HFZA delegates shared the advantages offered by the Free Zone at an interactive seminar titled “Investment opportunities in Hamriyah Free Zone.
Sharjah plays an important role as the pre-eminent industrial base of the UAE, with its unique strategic location between three continents, serving a growing market of 2 billion people.
The emirate also has a well-developed infrastructure, geared to industry and trade at all levels to serve Gulf, regional and international markets.