Dubai’s DAFZA organises forum to attract investments from Indian businesses
Forum was held under the theme: ‘India: A strategic partner for growth in an evolving global economy’
The Dubai Airport Freezone Authority (DAFZA) organised a forum for Indian companies at the DAFZA Business Centre in cooperation with IBPC – Dubai and Morrison Menon. The forum was designed to attract new investors to Dubai, in line with Dubai’s goal of transforming itself into a global investment hub, which offers infrastructure and services.
The forum is one part of the freezone’s efforts to achieve Dubai’s vision of providing an ideal working environment supported by advanced infrastructure. The event also supports the ongoing drive towards closer cooperation between the UAE and India.
The event was attended by Dr. Mohammed Al Zarooni, director general of DAFZA, Vipul, the Indian consul general in Dubai; Bindu Chettur, president of the Indian Business Professional Council-Dubai, and board members of the IBPC. Other prominent figures and representatives of government agencies and leading Indian companies also attended the event.
“We are witnessing stronger cooperation between our countries, which signed 14 bilateral agreements last January. DAFZA works with a united team to expand our initiatives and provide the best solutions and facilities to attract more investments and maintain our strong relationship with the Indian business community, which reflects positively on the economic growth between the UAE and India,” said Dr. Al Zarooni.
DAFZA is also exploring investment opportunities through promotional tours, meetings with major Indian companies, investors and venture capitalists, and through various other avenues. The freezone authority is also organising workshops, which target small and medium-sized companies, which comprise 70% of the companies in DAFZA that are owned or managed mostly by Indians.
Vipul said, “We would like to extend our thanks to DAFZA for organising this event, which highlights Indian-UAE relations across different levels. Today, we have achieved key figures in trade for the two countries, reaching US $50bn in 2016, which is expected to grow by 60% in the next three years, especially across strategic segments like technology, energy, the digital economy and smart services, wherein the UAE is acknowledged as a pioneer in.”
