ASSOCHAM Hosts Successful B2B Meetings with SAIF Zone Officials in Vijayawada
Vijayawada : The Associated Chamber of Commerce and Industry of India (ASSOCHAM), in collaboration with the Government of Sharjah, UAE, and with the support of the Federation of Andhra Pradesh Chambers of Commerce and Industry, successfully organized a series of B2B meetings titled “Expanding Your Business Globally through UAE” from July 17 to July 19, 2024, at Novotel Vijayawada Varun.
The event saw an overwhelming response with participation from more than 70 companies, eager to explore the lucrative opportunities offered by the Sharjah Airport International Free (SAIF) Zone in the UAE. The primary focus of the meetings was to familiarize Indian businesses with the multitude of benefits and incentives available for setting up operations in the UAE and other Middle Eastern countries.
Key Highlights of the Meetings:
Business/Investment Opportunities: Attendees were provided with insights into the diverse business and investment opportunities available in the UAE and other Middle Eastern countries, highlighting the region’s strategic importance and economic potential.
Benefits of Setting Up in the UAE: Detailed presentations were given on the key advantages of establishing a business in the UAE, including 100% ownership of companies, zero income, corporate, and personal taxes, and the ease of obtaining a trading license and company registration within one hour.
Incentives for Foreign Companies: The meetings underscored the numerous benefits and incentives offered by the SAIF Zone, such as cost-effective office space and comprehensive support for foreign companies aiming to expand their operations into the Middle East, Africa, Russia, and Europe.
Expansion Strategies: Experts shared strategies on how Indian companies can effectively expand their market reach and maximize their business potential in international markets.
Mr. Ravi Kumar Reddy Kataru, Chairman, ASSOCHAM Andhra Pradesh & Telangana Development Council and CMD, AXIS Energy Group, expressed his satisfaction with the event, stating, “The B2B meetings provided a unique platform for Indian businesses to engage directly with officials from the SAIF Zone and gain valuable insights into expanding their operations globally. The enthusiastic participation from over 70 companies underscores the growing interest in leveraging the UAE as a gateway to international markets.”
The event concluded with a commitment to continue fostering strong economic and commercial ties between India and the UAE, facilitating further opportunities for business growth and collaboration.