UAE woos Indian businesses with free zone opportunities

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Thu, 2023-05-11 18:57

NEW DELHI: A UAE free economic zone invited Indian companies on Thursday to expand operations into the region, as the Gulf state tries to attract investors from South Asia’s largest economy with new opportunities.

Economic ties between India and the UAE received a major boost when their Comprehensive Economic Partnership Agreement came into force in May last year.

The landmark deal reduced tariffs on about 80 percent of all goods and provided zero-duty access to 90 percent of Indian exports.

The Confederation of Indian Industry and Jebel Ali Free Zone host the “Dubai — India’s Gateway to the World” session in New Delhi on May 11, 2023. (AN photo)
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