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Patil to open trade centre in Sharjah
SHARJAH - India’s President Pratibha Devisingh Patil will inaugurate the world’s first of its kind trade centre in Sharjah on November 25, 2010 in the presence of His Highness Dr Shaikh Sultan bin Mohammed Al Qasimi, Member of the Supreme Council of UAE and Ruler of Sharjah, it was announced on Tuesday at a news conference .
India Trade and Exhibition Centre (ITEC m.e.), set up under the auspices of the Sharjah Chamber of Commerce and Industry (SCCI), aims to create new opportunities to boost the already burgeoning trade ties between India and the UAE with support from the respective governments.
“Actually this kind of trade centre is first in the world where government to government trade centre put up by the respected governments,” Sudesh Aggarwal, Chairman of ITEC m.e., told Khaleej Times after the news conference, which was held to announce the opening ceremony of the centre to be held on Thursday.
Aggarwal said the land for this centre was provided by the Sharjah Ruler’s Office and there is another 25,000 sq.ft. of land, given by the Sharjah government, for the expansion of this trade centre next of Sharjah Chamber building. This is a joint initiative of both the government, he said, adding: “Government of India has nominated us for this task and this is a great opportunity for the business to expand.”
The centre will be a one stop shop for Indian businessmen and SMEs wishing to explore the potential markets and opportunities in the UAE, Gulf Cooperation Council (GCC) nations and Middle East and North Africa (MENA) region.
“A new chapter will be added to the historic ties between India and the UAE when President Pratibha Patil inaugurates the Centre,” Aggarwal told reporters as the news conference. The conference was jointly addressed by Sharjah Chamber of Commerce and Industry Director General Hussain Al Mahmoudi and ITEC m.e. Director General Sri Priyaa.
“We hope this centre may contribute in cooperation and coordination with the chamber and other departments concerned and establishments in launching regional and international investment,” he said.
The India-UAE trade – valued at $180 million per annum in the 1970s, is today valued over $ 45 billion – amply reflects on the potential of this region.
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