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  • Rahma Khaled

Sharjah Chamber invites Indian companies to take advantage of investment opportunities in it

The Sharjah Chamber of Commerce and Industry has invited Indian companies to take advantage of the huge investment opportunities offered by the emirate, in order to enhance business opportunities between the United Arab Emirates and India. The invitation came during a business forum held by the Sharjah Chamber of Commerce and Industry with India, on the occasion of the Indian delegation that came to visit the Sharjah Chamber of Commerce and Industry.

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The UAE invites India to take advantage of the investment opportunities available in it

Recently, a commercial delegation from India visited the United Arab Emirates, heading to the Sharjah Chamber of Commerce and Industry. The Chamber held celebrations for this business forum to welcome the delegation and also to talk about the huge investment opportunities available in the Emirate of Sharjah. The business forum held by the Sharjah Chamber of Commerce and Industry was attended by Ahmed Muhammad Obaid Issa Al Naboodah (Member of the Board of Directors of the Sharjah Chamber) as well as Pradeep Surika (President of the Indian Chamber of Commerce). Also, Abdulaziz Mohammed Shattaf (Assistant Director General of the Communications and Business Sector), participated in the forum, along with Ali Al-Jari (Director of the Sharjah Export Development Center), in addition to the presence of more than 50 representatives from local companies in the UAE and others from Indian companies.

The objective of the meeting of the Sharjah Chamber with India

As for the desired objectives of the forum held by the Sharjah Chamber of Commerce and Industry, it is an attempt to enhance trade opportunities between the United Arab Emirates and India, in the active investment sectors in the United Arab Emirates, the most important of which are:

  • Real estate.

  • Food and drinks.

  • Fabric production.

  • Medical equipment.

  • health care products.

  • Legal services.

  • Renewable energy industry.

  • Tourism and Travel.

This contributes to achieving a comprehensive partnership between the United Arab Emirates and India, and enhancing intra-non-oil trade between both of them, and thus increasing revenues for both countries, especially after customs duties were reduced between the two countries to reach 90% on goods and imported goods between them.

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The events of the Sharjah Chamber with India

During this conference, a number of meetings were held between the heads and managers of Indian and Emirati companies, during which a number of dialogues took place and many important views were exchanged on the possibility of conducting joint projects that serve the interests of the two countries.New channels of communication and dialogue were opened through this recipient, in addition to identifying many investment opportunities available between the two countries. The head of the Indian delegation and the head of the Sharjah Chamber exchanged some souvenirs.

Why is the Sharjah Chamber seeking to strengthen its relationship with India?

The United Arab Emirates is aware of the importance of India, and therefore seeks to strengthen the relationship with it. Abdulaziz Mohammed Shattaf stressed that this forum is the first stage of cooperation between the two countries. Which aims, in addition to enhancing opportunities for trade cooperation, to achieve a qualitative leap in development and prosperity.

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Comprehensive Partnership Agreement between the United Arab Emirates and India

The Comprehensive Partnership Agreement between the United Arab Emirates and India is one of the most important agreements, and it is the first of its kind that India has concluded with one of the largest countries in the Middle East and North Africa.

This reflects the position of the UAE as one of the main gateways to global trade, and as a result of that partnership, India's exports to the UAE have increased.

India has also been keen, through its various companies, to strengthen trade relations with the United Arab Emirates, especially the Emirate of Sharjah. This is because Sharjah enjoys many promising opportunities and advantages, which enhance the partnership with India.

Investing in the UAE

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Read also: Foreign investments in local stocks have reached 13.7 billion dirhams since the beginning of 2022

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