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UAE Freezones Biz News Updates
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DMCC boosts ties with Indian business community
Dubai's DMCC, the world’s leading free zone for commodities
trade and enterprise, signed a Memorandum of Understanding with the
Institute of Directors in India, during the 28th Word Congress on
'Leadership for Business Excellence & Innovation', taking place in Dubai
from April 17 to 19.
The MoU represents a commitment from both parties to strengthen ties,
increase knowledge transfer and boost connectivity with the Dubai-based
Indian business community, and identify further areas of collaboration to
increase trade. Bilateral trade between the UAE and India has risen from
$182 million in 1982 to approximately $53 billion in 2017, a growth trend
expected to continue in the coming years.
"Directed by the vision of its leaders, Dubai is built for business. The
emirate’s state-of-the-art infrastructure has grown significantly over time,
and it has become a modern magnet for international commerce. DMCC is proud
to have supported this development story, and contribute to the formation of
Dubai’s diversified economy through the provision of multi-sector revenue
streams," said Ahmed bin Sulayem, DMCC Executive Chairman.
"It is clear that more trade, more investment and fewer barriers to business
is good for Dubai, DMCC and all connected partners. The agreement signed
today symbolises that this approach to business is a shared one. We are
delighted to be working even closer with the Institute of Directors, and
supporting the many Indian businesses wishing to setup in Dubai," he added.
Lt Gen. J S Ahluwalia, President of Institute of Directors, said, "This
agreement cements our longstanding relationship with DMCC. It builds on the
work we have done together, over many years, to forge even stronger ties
between the Indian business community and its counterparts in Dubai and the
UAE. This is a significant moment for all involved and we look forward to
the next phase of partnership. Together, we will continue to advocate for
trade and promote good governance, sustainability, innovation and excellence
across all businesses, industries and sectors."
April 18, 2018 |
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Courtesy Wam
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