'UAE Trade in India' beneficial: RAK FTZ

DUBAI -The RAK Free Trade Zone participated in the 'UAE Trade in India', an exhibition aimed at improving Indo-UAE trade and economic ties from December 15 to 18 in Mumbai.

By A Staff Reporter

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Published: Fri 31 Dec 2004, 1:17 PM

Last updated: Thu 2 Apr 2015, 11:49 AM

It was a very beneficial trip and more than 200 potential clients visited the RAK FTZ stand, many of them have already forwarded their application forms for review.

The marketing objective of participating in the exhibition was to meet with potential clients from both commercial and industrial companies, as well as the chamber of commerce and industry in Mumbai. The number of companies registered with the RAK FTZ has grown to 850 from 500 in 2003. Indian companies account for almost 30 per cent of the total companies registered with the FZ. Most of these companies are manufacturers dealing with cables, computers, metal chambers, power control switchgears and construction materials. In addition, there is trading in electrical fittings, generators, fire fighting, construction equipments, food stuff, IT items and communications equipment. Recently, Free Zone also announced the opening of the "Royal College of Applied Sciences and Technology. This significant increase in the number of the companies coming to RAK is the result of the zone's cost effectiveness, excellent customer service, prime location and the determination to be a world leading business centre. The direct investment values of these registered companies are approximately Dh80,500,000.

The Free Trade Zone gives attention to the aesthetic market and the Indian investor, because of the strategic location of RAK which provides easy connectivity between Africa and Asia.

The RAK FTZ expects a high influx of business from the Indian subcontinent and has plans to promote itself through awareness campaigns similar to the ones conducted in Syria, Egypt and Turkey. As a result of the phenomenal success courted in the same, the free zone is positioning itself to enter other regions like Qatar, Japan and Europe.

As far as the future plans for the Indian market are concerned, RAK FTZA will participate in the forthcoming Gitex, Hyderabad from January 12 to 14. This will form part of its ongoing efforts to attract more IT related companies to the free zone.

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