UAE free zone road show targets Indian investors

DUBAI: A delegation from Sharjah Airport International Free Zone Authority (SAIF Zone) successfully highlighted Sharjah as an appealing investment destination in eight Indian cities through road shows and business forums.
The road show took place in Kochi, Chennai, Coimbatore and Bangalore.
It was conducted in association with the Confederation of Indian Industry (CII) and the Federation of Indian Export Organization (FIEO). 
In Mumbai, Ahmedabad, Baroda and Surat, the team took part in an international business forum titled “Taking Business Globally”.
“The overall response was overwhelming and positive. We expect a good number of entrepreneurs and investors to turn to SAIF Zone in the near future, especially for warehouses and plots of land,” said Saud Salim Al-Mazrouei, director of SAIF Zone.
“Nearly 50 percent of our investors in SAIF Zone are from India,” Al-Mazrouei added.
“Sharjah is the industrial backbone of the UAE and establishments in SAIF Zone enjoy exemptions from import and export duties, income and corporate taxes in addition to the free repatriation of capital,” Al-Mazrouei noted while addressing the business forum in Mumbai.
“In addition, the Sharjah government subsidises 70 percent of the utility costs, including any water and electricity consumed in the free zones,” he added.