SHARJAH – Sharjah Chamber of Commerce and Industry (SCCI) has organized the Sharjah-India Business Forum to discuss economic relations and ways to enhance business collaboration between Sharjah and India.
Attended by over 50 local and Indian business leaders, the forum hosted a high-level delegation from the Federation of Indian Chambers of Commerce and Industry (FICCI).
During the event, CSIC invited Indian business leaders to take advantage of Sharjah’s promising investment opportunities, which became more rewarding after the signing of the Comprehensive Economic Partnership Agreement (CEPA) between the Emirates United Arabs and India.
Abdulaziz Mohammed Shattaf, Deputy Director General for Communication and Business Sector at the Sharjah Chamber, said the forum provided the perfect setting to further strengthen the already strong cooperation between the UAE and India. “The historic UAE-India CEPA, which came into effect on May 1, 2022, has set the stage for the two friendly countries to open a new chapter of strategic cooperation.”
“We look forward, through this gathering, to advancing the collaboration between Sharjah and India to new levels and to achieving the ultimate goals of the business communities of both countries, while contributing significantly to the overall objectives. partnership, such as increasing the intra-non-oil relationship between the two nations to $100 billion a year over the next five years from $45 billion currently,” Shattaf added.
For his part, Pradeep Sureka, President of the Indian Chamber of Commerce, pointed out that hosting the forum is another testament to the extraordinary relationship the UAE enjoys with India, which has developed over the past decades in various economic sectors.
Sureka said CEPA is India’s first deal with the UAE, for which Indian exports stand at around $60 billion, adding that it reaffirms the fact that the UAE is a gateway to major gateway to global trade in the region.