Bid to boost international business collaboration
Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Economic Trade Organisation (IETO) recently signed a Memorandum of Understanding (MoU) to strengthen international trade and investment ties between the UAE and India, underlining their mutual commitment to business excellence. The MoU was signed by RAKEZ Chief Commercial Officer Anas Hijjawi and IETO President Dr. Asif Iqbal.
The collaboration focuses on several objectives including the initiation of trade missions and investment forums to help Indian businesses understand what RAKEZ has to offer and provide them the platform to connect with potential partners and investors in the UAE.
“The latest MoU with IETO as well as our recent collaboration with the Indian Chamber of Food and Agriculture to boost bilateral agro-trade highlights our dedication to nurturing international business ties and enhancing trade avenues with key markets such as India,” remarked Ramy Jallad, CEO, RAKEZ Group.
“It is exciting to witness a significant number of Indian enterprises making strides in RAKEZ, catering to both regional and global audiences,” commented Dr. Iqbal.
Currently, RAKEZ boasts a community of nearly 5,000 Indian businesses, with renowned names like Naturelle, a subsidiary of the global FMCG giant Dabur India; Fabcon Industrial Services, expert in manufacturing pressure vessels; Ashok Leyland, international producer of motor vehicle engines and auto parts among others, a press communique concluded.
