Indian plastic companies urged to invest in Hamriya Free Zone
Hamriyah Free Zone operates with a special focus on the Small and Medium Enterprises sector,” said Al Leem, while calling upon AIPMA members to invest in one of the largest free trade areas in the Middle East. “By easing SMEs access to finance, markets and entrepreneurship policies, HFZA will help strengthen competitiveness of businesses and create new jobs, and ultimately reinforce the growth potential of the economies concerned.”
“The Free Zone offers best infrastructure facilities and high quality services to welcome foreign investment in various sectors like manufacturing, trade and services. Besides the advantage of being in a strategic location to access global markets, HFZA also offers 100 per cent ownership, tax free environment and 100 per cent repatriation of capital and profits, amongst various other competitive incentives. The fact that 5,700 companies from 138 countries have collectively pumped in more than Dh25 billion since its inception in November 1995 is a fitting testimony to HFZA’s success as a dynamic and investor-friendly free zone,” Director-General added.
A high-profile Indian business delegate recently visited Hamriyah Free Zone Authority, or HFZA, and met with Rashid Al Leem, director-general of Sharjah Department of Seaports and Customs and HFZA, to strengthen bilateral business association and investment promotion.
The delegation led by Manish Dedhia secretary of All India Plastic Manufacturers Association, or AIPMA and the other high profile members.
Al Leem briefed the delegate about HFZA’s achievements and future plans, including the role played by HFZA as a growth catalyst that contributes to Sharjah and UAE’s economic growth and prosperity.
AIPMA is one the prestigious, oldest & the largest apex body representing the Plastic Industry of India, has been playing an active role over 50 years in promoting trade.
AIPMA Secretary, Manish Dedhia thanked the director-general, HFZA, for his valuable insight into the high quality services and infrastructure facilities offered by HFZA to welcome foreign investment and applauded its role in encouraging an entrepreneurial culture.
As India’s largest trading partner and home to one of the largest Indian expatriate population, the UAE’s proximity to India also makes HFZA an ideal business base for investors.
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