Strategic agreement will support Indian polymer investors to expand their geographic and economic reach and increase their connectivity
Khalifa Industrial Zone Abu Dhabi (Kizad), a subsidiary of Abu Dhabi ports, has announced that it has signed a strategic agreement with All India Plastics Manufacturers’ Association (Aipma) to support Indian polymer investors through Kizad and expand their geographic and economic reach.
The agreement was signed earlier this month in Delhi, which emphasised upon Kizad Polymers Park’s access to raw materials from regional producers and connectivity through Kizad’s major transport links, which include Abu Dhabi Ports’ flagship deep-water port, Khalifa Port as well as international airports.
Captain Mohamed Juma Al Shamisi, CEO of Abu Dhabi Ports, said that the aim is to provide investors from all over the world an enabling environment to do business and a platform for growth.
“Through this agreement we will be increasing our contributions to the economy of Abu Dhabi and the UAE as a whole, and at the same time help further the UAE’s relationship with India, a long-standing economic partner of our country,” he added.
Samir Chaturvedi, CEO of Kizad, said that this agreement is an excellent step towards supporting the growth of India’s massive plastics and polymers businesses.
“Kizad Polymers Park has been specifically designed to enable this sector to be cost-effective and time-efficient in an ideal strategic location which has the perfect logistics for companies to expand or enter into foreign markets,” Chaturvedi stated.
Meela Jayadev, president of Aipma, concluded: “India has an enormous plastic and polymers manufacturing industry and the UAE is one of our top five import markets. The MoU with Kizad and the potential to work with them to increase our mutual opportunities in new markets is an excellent strategic move on both our parts.”