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RITIKA SHARMA / EMIRATES BUSINESS
Dubai Airport Freezone Authority (DAFZA) seems to be turning
into a business hotspot for Indian
companies.
The freezone has reported a 23 percent increase in the number of Indian firms operating within its premises during 2015. Official statistics reveal that India led the list of DAFZA investors last year, accounting for 38 percent of total Asia Pacific investments.
India has long been a strategic partner for DAFZA. During one of the meetings held with leading businessmen to recognise the role of Indian companies in the freezone, Dr. Mohammed Al Zarooni, Director General, DAFZA, was quoted as saying, “We remain steadfast in the commitment to build robust relations with India’s business and investment community — reflecting on the strong historic and economic ties between the UAE and India.â€
DAFZA is now looking forward to expand interactive activities in terms of strengthening the channels of knowledge transfer and exchange of experiences with entrepreneurs and investors in India.
According to DAFZA, the investments of Indian companies—45 percent of which are multinationals —focus on the electronics and communications sector which ranked first at 25 percent. It is followed by the computer, internet and IT solutions sector (14 percent) and jewellery, watches and precious stones (9 percent).