Finance & Capital Market

Sharjah Chamber to send trade mission to India

A Sharjah Chamber of Commerce and Industry (SCCI) high-profile trade delegation will explore investment opportunities in India and discuss potential areas for mutual cooperation.
Organised by the Sharjah Exports Development Centre (SEDC), Abdullah Sultan Al Owais, Chairman of the SCCI, will be leading the mission, which will leave for India on May 29. 
Other officials joining the delegation include Waleed Abdul Rahman Bukhatir, Second Vice Chairman of the Board of Directors, SCCI; Ahmed Mohamed Obaid Al Naboodah, Board Member, SCCI; and Abdulaziz Mohammed Shattaf, Assistant Director-General of the Communication and Business Sector at the Chamber; as well as a contingent of leading manufacturers and traders from the emirate.
Business forums
The mission, scheduled to run until June 2, will visit Mumbai and New Delhi, setting up business forums and arranging meetings with Indian business communities to explore investment opportunities and foster joint economic partnerships.
While attending these forums and meetings, the SEDC delegation will highlight the benefits and opportunities of investing in Sharjah, detailing the incentives and facilities available to foreign companies wishing to establish businesses in the emirate. 
Moreover, the delegation will encourage the Indian business community to invest in sectors that align with Sharjah's economic vision, thus supporting its drive towards sustainable development across various sectors.
Bolstering exports
The trade mission reflects the chamber's commitment to serving the business community, augmenting their operations, and bolstering the export of industrial and commercial facilities within the emirate of Sharjah.
It comes at a time when UAE-India bilateral relations are experiencing a period of significant growth in various economic fields. 
This upswing has been catalysed by the signing of numerous agreements and memoranda of understanding over the past few years, culminating in the Comprehensive Economic Partnership Agreement (CEPA) between the two countries. 
CEPA has facilitated a surge in trade exchange, eased trade restrictions, and amplified the flow of goods and services between the UAE and India. It has also activated primary export sectors and boosted industrial production in key areas.-- TradeArabia News Service