UAE looks for stronger bilateral investments with Indian businesses
Sharjah is important for trade ties because of its strategic location, cost competitiveness and unique core strengths
India and UAE can strengthen their relation through an increase in bilateral investments in business sectors that are experiencing rapid growth amid a challenging investment landscape.
In his address at the Sharjah-India investment webinar session ‘Opportunities for Indian Companies and Investors’, Marwan bin Jassim Al Sarkal of the Sharjah Investment and Development Authority pointed out some of the key sectors such as healthcare, robotics, manufacturing, innovation and technology, and aggrotech amongst others as having promising business growth in the region.
Dr Aman Puri, Consul-General of India, described the India-UAE partnership as a model for the whole world. He said Sharjah is an important emirate for trade ties because of its strategic location, cost competitiveness and unique core strengths in diverse sectors.
Another prominent speaker, Dr Khalid Omar Al Midfa, Chairman Sharjah Media City Shams highlighted the presence of more than 3,000 media companies, many of them SMEs, saying that it validates their mission to make creative entrepreneurship accessible by providing entrepreneurs with a vibrant and connected ecosystem to invest and grow their innovative business models.
“Our goal to support the interests of Indian entrepreneurs has seen Shams tie-up with investors in the Indian film industry to set up studios at the free zone, help identify appropriate locations for film shoots in Sharjah, and offer logistic assistance to support their projects including offering the services of a diverse pool of local talent. “As the media industry is constantly evolving, we are investing in technology to enable our digital firms to gain greater access to different markets within the UAE and across the region.”