Aim to foster trade and innovation in food and agriculture sectors
Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) recently signed a Memorandum of Understanding (MoU) aimed at fostering mutual growth and development within the food and agriculture sectors of the UAE and India.
The MoU was signed by Ramy Jallad, Group CEO, RAKEZ, and ICFA Chairman Dr. MJ Khan, adding yet another area of strategic collaboration between the two countries. This alliance seeks to create opportunities for knowledge exchange, trade promotion, investment, and research and development collaboration.
“This MoU signifies our commitment to strengthening our relationships with key international organisations such as ICFA and recognises the role India plays as a strategic trade and investment partner for the UAE,” stated Jallad.
“This collaboration marks a pivotal moment in ICFA’s history. Our joint efforts with RAKEZ will pave the way for Indian agri-businesses to broaden their horizons and explore lucrative business opportunities in the MENA region through Ras Al Khaimah,” commented Khan.
The MoU also envisions the fostering of research and development collaborations between Indian and RAKEZ-based institutions. This initiative will primarily focus on advancing agricultural innovation, crop improvement, sustainable farming practices, and food processing technologies.
“We are keen on supporting this collaboration between RAKEZ and ICFA to promote the trade and investments between the UAE and India,” remarked CA Harikishan Rankawat, President of the Federation of Indian Industry (Dubai Chapter) and Chairman of the Institute of Chartered Accountants of India (Dubai Chapter).
