Indians lead Asia Pacific investors in DAFZA.
The Dubai Airport Freezone Authority (DAFZA) witnessed an impressive increase of 23% in the number of Indian companies operating within the Freezone last year.
Official statistics reveal that India came first in the list of DAFZA investors by country last year, accounting for 38% of total Asia Pacific investments.
The investments of Indian companies, 45% of which are multinationals, focus on the Electronics and Communications sector which ranked first at 25%, the Computer, Internet and IT solutions sector came second at 14% followed by Jewelry, Watches and Precious Stones at 9%.
Indian human resources comprise around 34% of DAZFA’s total workforce and of the regional, international and multinational companies working in the free zone.
DAFZA said it will continue developing investment incentives and applying international best practices, adopting the latest innovative technologies and providing integrated infrastructure to attract more Indian investments in line with its tireless efforts to contribute to further enhancing the strong economic, trade and investment ties between India and the United Arab Emirates.
DAFZA seeks to deliver an integrated portfolio of facilities to encourage the participation of Indian companies in the UAE’s ongoing development and investment projects which attracted Indian investments of AED 59 billion over the past year.
The Freezone has also reaffirmed its commitment to providing the necessary means to activate the contribution of Indian investments in ambitious projects within Dubai’s main economic sectors.
This will drive national economic growth forward and reinforce the historic ties between India and the (UAE).
Last year, Oommen Chandy, Chief Minister of Government, Kerala State visited DAFZA to discuss the possibility of establishing a new free trade zone in the city of Kochi that would reflect the administrative, logistical and knowledge excellence of DAFZA as one of the most advanced free zones in the world.
In 2015, a series of informative seminars were conducted in Mumbai as part of DAFZA’s international promotional tours to attract investors from major global economic markets.
Indian companies in DAFZA include Tata Group, Kalyan Jewellers, Himalaya, HCL Infosystems Ltd., Tech Mahindra, and Wipro. fii-news.com
