Sharjah: A handful of opportunities are being created in the UAE for Indian entrepreneurs. With the announcement of the new visa law in the UAE, more opportunities for Indian enterprises, including free zones, are coming. After the Eid, the UAE delegation will meet with representatives of the Indian Chamber of Commerce and Industry in New Delhi. Earlier talks in Mumbai, Chennai and Thiruvananthapuram were a great success and entrepreneurs from various states are gearing up to expand their operations to the UAE, Freezone sources said. This will create more jobs. Opportunity is now available for qualified and skilled workers in each sector.
Comprehensive Economic Partnership Agreement (CEPA)
With the signing of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE, many of the rules will be relaxed. After the expo (expo 2020) progress in all sectors and liberal visa rules will attract entrepreneurs. Other positive factors include better infrastructure and the ability to deliver the product to different countries in less time. In addition, many entrepreneurs are starting companies with the UAE as their ‘hub’ in front of international markets, including Africa.
It is reported that more initiatives are being initiated in the reform sector as well. Fabrics, plastics and oils are mainly recyclable. One of these units is the export of pure plastic pellets to countries including India and China. Another is entrepreneurship, which imports used clothes and other textiles from Europe and re-exports them. Innovative garments are sorted and re-exported to various countries following scientific hygiene and hygiene procedures. According to industry insiders, this is a fabric that is only used once or twice and is factory-avoided.
Sharjah Economic Development Department
Meanwhile, Sultan Abdullah bin Hadda Al Suwaidi, chairman of the Sharjah Economic Development Department, said the economy has been more resilient this year. The number of companies registered in Sharjah in the first quarter of this year increased by more than 7 per cent over the same period last year. 17,059 enterprises were registered, including new companies. 1,979 new and 15,080 renewed. This is in addition to the companies in the Freezones. There are more than 1,400 Indian companies operating in the Hamriya Free Zone alone. There has been an increase in licenses in the areas of commerce, industry, professionalism and e-commerce.