The Indian Business and Professional Council, affiliated with the Sharjah Chamber of Commerce and Industry (SCCI), has identified prospects to enhance coordination between the two business communities, besides exploring investment opportunities across diverse economic sectors. The Sharjah Chamber inaugurated the Indian Business and Professional Council in February 2023.

At an extensive business meeting to discuss ways to strengthen cooperation and boost bilateral trade volume and mutual investments, talks were held to make it happen between Sharjah and India.

The meeting also focused on bolstering the exchange of information regarding investment prospects and building sustainable partnerships to fuel growth in trade exchanges and joint investments, leveraging the comprehensive economic partnership between the UAE and India.

The discussions highlighted the level of investment cooperation and the diverse opportunities available for Indian companies operating in Sharjah, particularly within strategic sectors such as energy, maritime industries, shipping services, and ship agencies.

The meeting underscored the facilitative measures and investment prospects extended to Indian companies within the emirate, emphasizing the pivotal role of periodic gatherings in bridging communication between investors, corporate heads, and business leaders from both Sharjah and India.

Abdul Aziz Al Shamsi, Acting Director General of the Abu Dhabi Investment Office, felt that such gatherings provided fruitful opportunities for fostering new business partnerships between Indian and Emirati companies, which in turn served as a fundamental pillar for fortifying bilateral trade and mutual investment.

Lalu Samuel, Chairman of the Indian Business and Professional Council, said that the initiative sought to cement sustainable collaborative ties and created avenues for acquainting with efforts supporting investors, and thereby elevating economic activities in the emirate.

Sources say an estimated 17,500 Indian companies are currently operating in the Emirate of Sharjah. – editor@nrifocus.com