Hamriyah Free Zone’s South India tour receives positive response

DUBAI:  A delegation from Hamriyah Free Zone Authority (HFZA) highlighted its investment possibilities in three South Indian cities through seminars and road shows recently.
The week-long road shows which were conducted in Thiruvananthapuram, Kochi and Calicut were in association with the Kerala Chamber of Commerce and Industry and Malabar Chamber of Commerce in Kerala.    
The seminars titled “An easy way to start a business in Sharjah” received positive response.
“We expect a good number of entrepreneurs and investors to turn to HFZA in the near future. About 40 percent of our investors in HFZA are from India, which is a very important market for us,” said Saud Salim Al-Mazrouei, director of HFZA and Sharjah Airport International Free Zone (SAIF Zone).
The team, led by Ali Saeed Al-Jarwan, deputy commercial director of HFZA, interacted with the participants and elaborated on the various facilities of the free zone.
“Sharjah is the industrial hub of the UAE and our trade relations with Kerala go back to a long time,” said Ali Saeed Al-Jarwan said while addressing the business forum in Calicut.
V.S Senthil IAS, additional chief secretary, General Education Department, inaugurated the seminar in Thiruvananthapuram.
He appreciated the idea of doing business in Hamriyah Free Zone and encouraged the investors to start their business in Sharjah.
In Kochi, while addressing the seminar, Al-Jarwan said that Hamriyah Free Zone has the fastest and most efficient single window clearance set up.
The time for clearance is less than two hours to set up a business in the free zone.
Many top officials from Kerala Chamber of Commerce and Industry and government sector attended the event.
Moody’s and Standard & Poor’s accorded Sharjah sovereign credit ratings of A-3 and A with a stable outlook.
Those ratings compare favorably with many other emerging markets with strong economic fundamentals, underlining Sharjah’s position as an appealing destination for foreign investment.
The UAE is also quickly becoming a global transit point and gateway to India, Africa and Asia.