Trade opportunities

The Dubai Export Development Corporation (EDC) met with a delegation from India to bolster bilateral trade opportunities between Dubai and India.

Organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), India’s premier apex chamber, the Indian delegation is interested to work closely with EDC in expanding their businesses in Dubai and the UAE as well as strengthen ties in any areas of mutual co-operation. EDC has also arranged a meeting for the Indian delegations with the Jebel Ali Free Zone (JAFZA) and the Dubai Internet City officials to develop joint trade activities for the two countries.

“India is one of the important countries for Dubai and the UAE in terms of the export industry. Engaging business with an apex industry body such as ASSOCHAM is very vital for EDC as this organisation represents the interests of industry and trade from all regions of India. It interacts with counterpart international organisations to promote bilateral economic issues,” said Farid Karmostaji, Director of Export Market Development, EDC.

The Indian delegation consisted of 14 companies from the real estate, telecom, ICT, pharmaceuticals, travel, aviation, retail, exports, finance, agriculture and F&B sectors. Headed by Amit Dev, Director of Operations, Time Broad Band and Abdul Khalique, Head, ASSOCHAM International Division, the delegation sought to explore investment opportunities in Dubai.

“One of our missions is to proactively convey industry viewpoints, and communicate with various governments overseas for public-private partnerships for economic development. EDC, and its advocacy role as Dubai’s export support organisation, is the perfect government entity which can help us in our mission to expand trade in the UAE,” said Dev.

The discussions with India are part of a broader campaign by EDC to develop and enhance trade relationships with countries across the world. In conducting these discussions, EDC is working to uncover investment opportunities that will benefit both economies involved in the trade process.