Visakhapatnam

Sharjah showcases opportunities for investment

Sharjah Airport International Free (SAIF) Zone on Thursday tried to showcase the investment opportunities available at their facility for investors of Visakhapatnam.

SAIF Zone set up in 1995 is the premier business destination situated in the Emirate of Sharjah - the 'industrial powerhouse’ of the UAE with a modern infrastructure and an emphasis on cost effectiveness.

The SAIF-Zone today has over 8,500 companies operating out of it from 165 countries, of which a sizeable percentage was from India carrying out varied business activities like light to medium manufacturing, trading and providing services such as IT and consultancy.“SAIF Zone offers many opportunities for entrepreneurs and investors from India and the increase pace of trade between UAE and India is a positive sign of rapid growth at all levels,” said SAIF Zone Director Raed Bukhatir.

Tax exemptions

He said SAIF Zone had state of the art facilities in addition to tax and duty exemptions, multiple facilities and easy access to billions of consumers.

India is the third largest trading partner of UAE and the two-way trade reached $53 billion in 2017.

AP Chambers of Commerce and Industry Federation vice-president M. Sudhir and G. Raghunadha Babu from FIEO spoke.

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Printable version | Jul 11, 2020 10:42:02 AM | https://www.thehindu.com/news/cities/Visakhapatnam/sharjah-showcases-opportunities-for-investment/article24223922.ece

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