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DUBAI / WAM
Hamriyah Free Zone Authority (HFZA) has reiterated its commitment to providing all the necessary means to boost the confidence of more than 1,400 Indian companies operating in the free zone in various industrial and commercial sectors.
The authority added, “We spare no effort to provide all the facilities, the administrative, technical, and logistical services that ensure ease of doing business in Sharjah. This is in keeping with the strenuous UAE-India efforts to strengthen the solid economic, trade, and investment ties between the two friendly countries.†This was stated during a speech by Saud Salem Al Mazrouei, Director of the Hamriyah Free Zone Authority, during the Tamil Entrepreneurs Forum, organised by the Tamil Entrepreneurs & Professionals Associates, UAE, at Holiday Inn Hotel, Dubai.
The forum aims to encourage and facilitate business development for Tamil-speaking community. Al Mazrouei said that the UAE and India had enjoyed a strong trade relationship for many years, and as these relations continue to grow, the trade markets grow and diversify.
“India and the UAE inked a Comprehensive Economic Partnership Agreement (CEPA) that is being billed as a historic one in many ways. This agreement will usher in a new era in our bilateral economic relations and it is estimated that the bilateral trade volume will increase from $60 billion to $100 billion in five years,†he added.
Al Mazrouei added that Indian companies at HFZA take advantage of the many benefits on offer. This includes the strategic location connecting the East and West, sophisticated infrastructure, unrivalled global connectivity, and proximity to the port, which facilitates the import and export operations and raises trade exchanges.