Sharjah Chamber Enhances Industrial Cooperation And Strategic Partnership With Indian Counterpart FICCI

The Sharjah Chamber of Commerce and Industry (SCCI) recently engaged in discussions with the Federation of Indian Chambers of Commerce and Industry (FICCI) to enhance collaboration in the industrial sector. This initiative is part of SCCI's ongoing efforts to strengthen economic ties with promising markets. The meeting took place at SCCI's headquarters, focusing on boosting industrial cooperation and exploring investment opportunities.

During the meeting, Ali Al Jari, Director of SCCI's Sharjah Exports Development Centre, and Hiba Al Marzouqi, Head of Business Councils and Joint Committees Section at SCCI, were present. They discussed ways to facilitate knowledge exchange between both parties. The aim was to identify promising areas for investment and cooperation that could benefit both regions economically.

The Sharjah Chamber highlighted its wide range of services available to investors. These include providing essential information for business setup, facilitating market access, and hosting events to improve communication between Sharjah’s business community and Indian counterparts. Such initiatives are designed to foster stronger ties with the Indian business sector, especially in industry.

Sharjah is a significant industrial hub in the UAE, accounting for nearly 35% of the country's factories. This makes it an attractive destination for Indian investors looking for opportunities in the region. The emirate’s focus on industry aligns with its rapid growth and underscores India’s strategic importance as a trade partner.

The chamber emphasised Sharjah’s potential in industry and its supportive business environment. By offering tailored facilities and support, Sharjah aims to attract Indian investors, enhancing economic cooperation for mutual prosperity. The meeting also reviewed recent data related to Sharjah's industrial sector.

In 2023, Sharjah recorded approximately $18.9 million in capital expenditures for foreign direct investment in manufacturing. This figure reflects strong investor confidence in the emirate's potential. The industrial sector plays a crucial role in driving economic growth in Sharjah, contributing 16.7% to its GDP.

The chamber reiterated its commitment to strengthening ties with India by focusing on industry collaboration. This approach aims to leverage Sharjah’s position as a vital industrial centre within the UAE while recognising India as a key partner for trade and investment.

With inputs from WAM