Ajman Chamber Hosts the “Ajman – India” Business Forum to Promote Trade & Investment

The Ajman Chamber of Commerce and Industry (ACCI) hosted the “Ajman – India” Business Forum to discuss the development of intra-trade, exchanging experiences, best practices, and investment opportunities available in both Ajman and India.

At the start of the Forum, Mohamed Al Janahi welcomed the attendees and emphasized the Forum’s role in expanding horizons for commercial cooperation, increasing mutual investments between Ajman and India, and creating a channel of communication between officials from government agencies as well as business owners and investors in both countries, given the UAE’s and India’s strong and deep-rooted strategic relations.

He said: “Ladies and gentlemen, we affirm that the emirate of Ajman is keen to develop its relations from the Indian side and to provide all the supporting elements to attract investors, in light of Ajman’s strong economic relations with India, so that the growth rate of the total trade volume between Ajman and India reached 15% in 2022. The rate of Indian investors and businessmen also increased to 10% in 2022 compared to 2021, amounting 7,935 investors in 2022.

Al Janahi confirmed that the emirate of Ajman has a unique investment attractiveness that has placed it on the map of the most prominent investment destinations in the UAE and the region, owing to various investment opportunities in industry, trade, tourism, education, health, and other sectors.

For her part, Dr. Gunveena Chadha stressed the importance of the Forum and its role in enhancing cooperation, partnership, and exchange of experiences between owners and investors from India and Ajman. She also noted that the diversity of areas of Indian business owners and investors increases investment opportunities and trade exchange, especially since the delegation represents a wide range of sectors, including “Agriculture, food and beverages, chemicals, industry, wholesale and retail trade, and other sectors”.

Mohamed Abdullah, Sales Director at the Free Zones Authority in Ajman, presented an overview of the investment benefits of the free zones in Ajman and its integrated infrastructure, which is appealing and improves business sustainability and growth. He outlined the most important operating sectors and competitive business solutions available through the Free Zones Authority.

The Business Forum included bilateral meetings between attendees from both sides to discuss opportunities for cooperation and partnership, as well as the potential for both countries to benefit from the opportunities available.

Mohamed Ali Al Janahi and Dr. Gunveena Chadha exchanged commemorative shields and souvenirs at the end of their meeting.

Source : zawya