CII holds sessionwith UAE top officials
Confederation of Indian Industry (CII), Ludhiana Zonal Council, organised a session with the top officials from Hamriyah Free Zone, Sharjah, UAE, on Thursday.punjab Updated: Oct 16, 2014 20:09 IST
Confederation of Indian Industry (CII), Ludhiana Zonal Council, organised a session with the top officials from Hamriyah Free Zone, Sharjah, UAE, on Thursday.
Hamad Al Shamsi, head of sales, Hamriyah Free Zone Authority (HFZA), invited Indian industries to invest in the area and shared the advantages and benefits offered by the free zone during his address.
He said: “Sharjah is playing an important role as the pre-eminent industrial base of the country with its unique strategic location between three continents, serving a growing market of 1.5 billion people. Sharjah is the only one of the seven emirates with ports on the Arabian Gulf's west coast and east coast with direct access to the Indian Ocean and an international airport which connects to 230 cities,” Shamsi said.
Reminding the audience about the longstanding cultural and historical relations between India and West Asia region, Ajay Nayar, chairman, CII Ludhiana, said: “Over the years the key focus area of CII has been globalisation of Indian Industry and its integration into the world economy.”
Muhamed Basheer, head of Overseas Promotions, HFZA, said licences were issued at the zone in less than two hours. “The types of licences are industrial (for manufacturing and assembling), service (consultancy), and commercial (general trading, import or export) he said.
Participants enquired about financial support in terms of loan by the UAE banks, labour laws, minimum wages, facilities available for transportation and cold storage especially for perishable products and the formalities required to establish the firm in HFZA.