ASSOCHAM facilitates India-UAE CEPA-driven meetings, promoting Indian firms’ growth in the Sharjah Airport Free Zone and leveraging opportunities in the Gulf, Africa, Europe.
The comprehensive economic cooperation agreement (CEPA) signed between India and the UAE has emerged as a transforming trade relations between the two nations. Businesses in India and the UAE have swiftly capitalized on the benefits provided by CEPA, including duty waivers and enhanced market access, resulting in a significant boost to bilateral trade and investment.
One-on-one meetings
The Associated Chambers of Commerce and Industry of India (ASSOCHAM) sponsored one-on-one meetings between delegates from the Sharjah Airport International Free Zone (SAIF Zone) and Indian enterprises, using the India and UAE CEPA.
Deli-based workshops
These Delhi-based workshops looked at how Indian companies may use their UAE roots to grow internationally, focusing on the Gulf as well as Africa and Europe. The meetings held in Delhi on 24 and 25 January under the theme ‘Expanding Business Globally through UAE’, helped participants understand the benefits of India-UAE CEPA and how Indian companies can expand their operations into global markets by establishing branches and subsidiaries in the UAE to setup a base for export to the other Gulf countries, Africa, Europe and more. More than 70 companies attended the meetings according to reports.
Burgeoning opportunities
Raed Bukhatir, Commercial Director of SAIF Zone, Government of Sharjah, UAE emphasized the burgeoning demand for Indian products in the UAE and other Gulf Cooperation Council (GCC) markets. He highlighted, “Following the CEPA, UAE will emerge as a major re-export center. There are many promising opportunities and incentives in SAIF Zone for Indian companies that an investor can enjoy.”
Additionally, Bukhatir pointed out that for Indian businesses eyeing the Middle East, North Africa and Central Asia markets, the SAIF Zone could be a force multiplier, enhancing their marketing efforts. The zone’s strategic location and incentives make it an attractive prospect for Indian companies seeking to tap into these flourishing regions.
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