In the first four months of 2011, about 190 companies have started operations in Hamriyah Free Zone (HFZ), Sharjah, Director General of HFZ Authority, Rashid Al Leem said here on Wednesday.
Delivering the keynote address at a seminar on ‘Hamriyah Free Zone – endless opportunities for business sustainability,' organised by the Confederation of Indian Industry (CII), he said that UAE had evolved into a model of sustainable development and inclusive growth by attracting over 5,000 investors from across the globe during the last 15 years up to 2010.
About 25 per cent of the investors were from India. Of the 493 companies that have started operations in HFZ 38 per cent of them were from India, he said.
Executive vice-chairman, Guidance Bureau, Industries Department, M. Velmurugan, said the bilateral trade between India and UAE grew by 30 per cent.
