Indian industrial players to explore UAE expansion opportunities with RAKEZ
Ras Al Khaimah Economic Zone (RAKEZ) will reach out to investors across India throughout October and November to share the advantages of expanding their operations to the United Arab Emirates (UAE). The roadshow will kick-off in Bangalore on the 23rd and will proceed to Delhi, Mumbai, Pune, Ahmedabad, and Chennai.
“We have become frequent travellers to India over the years due to the continuous demand we’re receiving from this part of the world. In fact, Indian businesses make up to roughly 22% of the family of companies we have at RAKEZ – that’s over 3,100 where 106 are industrial players,” said Ramy Jallad, Group CEO of RAKEZ. “This is why, we’re coming back to not only one but six cities in India. We’re excited to connect once again with Indian investors and understand more about their needs as well as how we can support their plans of expanding their presence to the UAE.”
RAKEZ targets to engage industrial players in the fields of food and beverages, automotive, pharmaceuticals, and consumer care, among others. Presently, several big Indian names are flourishing in the economic zone’s ecosystem, including Ashok Leyland, one of the leading automotive assembly company; Dabur, a personal care and products maker; and GK Technologies, a steel structure manufacturer, among many others.
Commenting on the importance of attracting Indian companies, Mr Jallad said: “India has been one of the UAE’s strongest trading partner since the ‘80s. Today, the bilateral trade has reached to over USD 50 billion, and we aim to further strengthen this bond by helping India’s home-grown businesses go global via RAKEZ. We’re backing them up with everything they need. From customisable facilities and one-stop shop for all services to round-the-clock support – you name it, and the effect of our initiative is two-fold. We’re attracting more investments to Ras Al Khaimah as well as supporting the country’s diversification efforts.”