The agreement is to facilitate mutual access and opportunities, connecting RAKEZ to the expansive Indian business community through the ICC’s network.
Ras Al Khaimah Economic Zone (RAKEZ) signed a Memorandum of Understanding (MoU) with the Indian Chamber of Commerce (ICC) to enhance business opportunities and foster economic growth between the UAE and India.
The agreement, signed by RAKEZ Group CEO Ramy Jallad and ICC Regional Director Ratheesh Nair, is to facilitate mutual access and opportunities, connecting RAKEZ to the expansive Indian business community through the ICC’s network.
It also envisages providing ICC members with valuable opportunities to engage with and grow in the UAE market.
Commenting on the partnership Jallad said the collaboration with ICC represents a strategic milestone for the economic zone as it continues to support and facilitate the growth of Indian businesses in the UAE.
“Our active efforts in promoting the Comprehensive Economic Partnership Agreement (CEPA) with India through roadshows, investor meets, and regular exchanges, have laid a strong and reliable foundation for developing and maintaining partnerships with more Indian business groups,” he said.
ICC is a key player in promoting trade, industry, and commerce within India, particularly in the Eastern and North-Eastern regions.
It has also established a cooperative framework with the UAE-India CEPA Council, further solidifying its role in bilateral trade facilitation.
As many as 6,000 Indian companies, including leading firms like Ashok Leyland, Dabur, Mahindra, Royal Gulf Industries, Sejal Glass, Motherson, and Bosco Aluminium, currently operate within RAKEZ, contributing to a diverse industrial landscape in the emirate and beyond.
Source: https://www.arabianbusiness.com/politics-economics/rakez-indian-chamber-of-commerce-sign-mou-to-strengthen-uae-india-economic-links
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