Over 50 Indian companies including DCM Shriram and LT Foods have shown interest in expanding their operations to Ras Al Khaimah Economic Zone (RAKEZ) in the UAE.
RAKEZ is one of the seven emirates that comprise the United Arab Emirates (UAE) and one of the 45 free economic zones in the Gulf nation.
"More than 50 high-profile Indian business leaders have discovered the advantages of expanding their operations to Ras Al Khaimah Economic Zone (RAKEZ)," according to a statement issued by RAKEZ at a press conference here.
In this regard, several meetings are lined up with companies like DCM Shriram, MSN Lab and LT Foods, it said.
Addressing the media, Ramy Jallad, group chief executive officer, RAKEZ, said, "India is very important for us. The bilateral ties between India and the UAE are excellent and out of the over 14,000 multinational companies present at RAKEZ, 22 per cent are Indian. We are looking for more from India and other countries."
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