Free Zone
News
Oommen Chandy, Chief Minister of Government, Kerala
State visited DAFZA to discuss
the possibility of establishing
a new free trade zone in the
city of Kochi that would reflect
the administrative, logistical
and knowledge excellence of
DAFZA as one of the most advanced free zones in the world.
counting for 38 per cent of total
Asia Pacific investments. The
investments of Indian companies, 45 per cent of which
are multinational companies,
focus on the Electronics and
Communications sector which
ranked first at 25 per cent, the
Computer, Internet and IT solutions sector came second at 14
per cent followed by Jewelry,
Watches and Precious Stones
at 9 per cent. Indian human resources comprise around 34
per cent of DAZFA’s total workforce and of the regional, international and multinational companies working in the free zone
DAFZA revealed that it will
continue developing investment incentives and applying
international best practices,
adopting the latest innovative
technologies and providing integrated infrastructure to attract more Indian investments
in line with its tireless efforts to
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February 2016
contribute to further enhancing the strong economic, trade
and investment ties between
India and the UAE. DAFZA
seeks to deliver an integrated
portfolio of facilities to encourage the participation of Indian
companies in the UAE’s ongoing development and invesment projects which attracted
Indian investments of AED
59 billion over the past year.
The Freezone has also reaffirmed its commitment to providing the necessary means
to activate the contribution of
Indian investments in ambitious projects within Dubai’s
main economic sectors. This
will drive national economic
growth forward and reinforce
the historic ties between India and theUAE. DAFZA has
led the way in terms of opening up new channels of mutual
cooperation with the Indian
business community. Last year,
In 2015, efforts were focused
on conducting a series of informative seminars in the Indian city of Mumbai as part of the
international promotional tours
organized by DAFZA to attract
investors from major global
economic markets. This year,
DAFZA is looking to expand
these interactive activities to
achieve more positive results,
especially in terms of strengthening the channels of knowledge transfer and exchange
of experiences with entrepreneurs and investors in India.
The positive India-related results achieved by DAFZA in
2015 confirm the high confidence of the Indian investment
community in the Freezone and
its continuous work to create
an attractive investment environment based on the highest standards of excellence,
innovation and technological
progress which support the aspirations of Indian companies
seeking to take advantage of the
most promising opportunities
in Dubai and the Middle East.
It is worth mentioning that
there are a number of prominent Indian companies with a
presence in DAFZA, including
Tata Group, Kalyan Jewellers,
Himalaya, “HCL Infosystems
Ltd., Tech Mahindra, and Wipro.