Indian trade delegation visits Hamriyah Free Zone to explore investment possibilities

Sharjah - 15/03/2016 - A thirty-member trade delegation, under the umbrella of Calicut Chamber of Commerce and Industry from the South Indian state of Kerala visited  Hamriyah Free Zone Authority (HFZA) to explore the trade and investment opportunities in HFZA.

The team  headed by Calicut Chamber President Gangadharan Punathil,  met Saud Salim Al Mazrouei, Director of HFZA and Sharjah Airport Free Zone (SAIF Zone) and discussed various options available to start new SMEs and industries in the free zone.

Mr Gangadharan who invited Al Mazrouei to Calicut  noted that the Malabar’s trade relations with the UAE date back to thousands of years, beginning with the barter of pearls for cotton and dry fruits for grains.

While discussing, Al Mazrouei said that Sharjah’s relations with the Indian market and traders are very cordial and he said that over 40 per cent of  investors in HFZ are from Kerala.

"In our free zone, you can enjoy exemptions from import and export duties, income and corporate taxes in addition to the free repatriation of capital," added Al Mazrouei.

"Our manufacturing sector also offers good collaboration opportunities for Indian traders and service providers seeking opportunities in the Middle East market", Al Mazrouei concluded

The delegation also interacted with  T.V. Ramesh, CFO and  Hamad Al Shamsi, head of Sales. They explained the various options of investment in the Free Zone. The team also toured Hamriyah Free Zone and expressed their satisfaction of its wonderful facilities.

The delegation consisted of many senior businessman and officials including TP Vasu, Vice President, Abdulla Maliyekkal, Secretary of  Calicut Chamber of Commerce and Industry, M. Sreeram and Subair Kolakkadan.