Sharjah - HE Abdulla Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), held discussions with a delegation from the Federation of Karnataka Chambers of Commerce and Industry (FKCCI), which was headed by HE Sudhakar S. Shetty, President of FKCCI, where they reviewed ways to enhance economic and trade relations between Sharjah and Karnataka.

The discussions took place during a meeting that was held at the headquarters of the Sharjah Chamber of Commerce and Industry on Wednesday, in the presence of HE Mohamed Ahmed Amin, Acting Director-General of the SCCI. The two sides discussed the prospects of joint cooperation between the chamber and the federation, which would contribute to empowering the private sectors of both countries to take advantage ofx the available investment opportunities.

The meeting also included a discussion on the possibility of the SCCI’s participation in the activities of “Asean plus three economic framework” conference, which will be held in the 4th quarter of 2019 in Bangalore. The chamber has affirmed that it will cooperate in introducing this conference to its members who wish to participate in the event.

HE Abdulla Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), emphasized the importance of the relationship between the UAE and India, which has resulted in remarkable developments in various fields. He remarked that Sharjah is keen to enhance these ties and develop them even further through a mutual pursuit to enhance communication and cooperation, as well as implement joint investment projects between the Emirati and the Indian business communities that help to serve the interests of both friendly countries and lead them to further success and prosperity.

Al Owais reviewed the investment opportunities that Sharjah offers to foreign businesspeople and investors, in addition to modern logistics services, a pioneering banking system, laws and legislation that encourage business, and a modern infrastructure. He also pointed out that the chamber is keen to support investors by all means and to help them overcome the obstacles that they face, as well as offer them various incentives and facilities.

HE Sudhakar S. Shetty, President of FKCCI, praised the friendly relations between India and the UAE and between Karnataka and Sharjah. He also praised the sustainable development that is being witnessed in Sharjah, and the prominent status that the emirate has achieved as a leading economic centre in the region, in addition to the various facilities offered by Sharjah to Indian businesspeople.

Shetty stressed that the Federation of Karnataka Chambers of Commerce and Industry is keen to enhance cooperation with the Sharjah Chamber of Commerce and Industry, in order to develop trade between his state and Sharjah. He then extended an invitation to businesspeople in Sharjah to take advantage of the various investment opportunities offered in Karnataka, which is considered the 8th largest Indian state in terms of size and the 9th largest in terms of population. He also pointed out that Bangalore, which is the capital of Karnataka, is considered the 3rd largest city in India and one of the fastest economically growing states in the country.

The UAE is considered the third-largest trading partner for India, while India is considered the largest trading partner of the UAE. The volume of trade between the two countries reached Dh53 billion during 2016-2017.

-Ends-

During the meeting with the delegation from the Federation of Karnataka Chambers of Commerce and Industry (FKCCI)

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.