Exports to the MENA region to be unaffected
Symphony announced that the Company has been exporting to various countries including Middle East and North Africa (MENA Region). To enhance its presence in MENA Region, the Company had last year opened a branch in United Arab Emirates (UAE) which has enabled the Company to increase its penetration. Now a stage has come that such business can be handled effectively directly from India.In view of the above, the Company has decided not to apply for renewal of the license of the branch in UAE and not to renew the license. The exports to the said region will remain unaffected.
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