Ras Al Khaimah Free Trade Zone (RAK FTZ) organised a second inward mission of Indian Businessmen this month. The two-day mission included 55 prominent Indian businessmen, from all the major cities in India, while the first delegation, in October, attracted 35 participants.
A comprehensive programme was arranged for the Indian delegation, by the RAK FTZ India Liaison Office in Mumbai. During their visit to Ras Al Khaimah, the participants were given a tour of RAK FTZ, with special focus on the Business, Technology and Industrial Parks. They also met with representatives of RAK Chamber of Commerce, RAK Airport and RAK Properties. Participation in these monthly inward missions to RAK is by invitation, and attended only by entities that are interested to operate a business in RAK FTZ. Currently, RAK FTZ has registered 15 companies from these missions.
“India is an emerging economic power, which deserves special attention and focus” Oussama El Omari, RAK FTZ CEO shared. “Through the years, we have successfully registered many Indian companies, and to date, we have over 1,600 of partners from that country. Our location is very strategic, especially for those who wish to expand not only in the UAE, but also to the rest of the Middle East and Northern Africa, so we definitely see vast potential in any future cooperation that may arise out of this.”
This move follows RAK FTZ's strategy to promote the free trade zone services and facilities to target 2,000 new company registrations for 2009. By mid-year this year, the Free Zone had already successfully registered 931 companies from different industries, including manufacturing, consulting, services, and general trading.
“It was a good experience all around. We wanted to see what facilities will be available to us, should we decide to set up a branch office in Ras Al Khaimah,” shared M.D. Birla, Managing Director of Abhinav Gold International Marketing Pvt. Ltd. “And I must say I am impressed. We not only saw everything that we heard RAK FTZ has, but we have also been treated with utmost hospitality and courtesy, and I believe that this is always a very good tone with which to start a successful business relationship.”
Increased promotional campaigns by the India Liaison office have generated more than 10,000 enquiries from the country’s major cities, including Mumbai, New Delhi, Kolkata, Bangalore, Chennai, Coimbatore, Ahmedabad, Hyderabad, Pune, Indore, Lucknow and Ludhiana. These campaigns included more than 20 road-shows and B2B meetings conducted by RAK FTZ India Liaison Office representatives. All activities were very well received, and more than 600 enquiries were generated after each campaign from various sectors, such as trading, consulting, manufacturing, marketing and more.
“This mission was an excellent opportunity to grow our network,” El Omari observed. “Our guests were able to meet and network with the individual department heads of RAK FTZ, who will be working closely with them after they decide to set up their business with us. We look forward to holding similar events in the future, to welcome our friends from India.”
Indian companies that would like to inquire about or set up businesses within RAK FTZ can easily do so, without leaving their home country, through RAK FTZ’s office in Mumbai, the first UAE free trade zone liaison office in the subcontinent. It acts as a one-stop service entity for all Indian investors interested in registering their company with RAK FTZ. Since its establishment in 2005, the satellite office has garnered impressive results and significantly contributed to the growth of RAK Free Trade Zone.
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