Indian manufacturing leaders gather at the 2nd RAKEZ Business Investment Forum in New Delhi
More than 50 high-profile Indian business leaders have discovered the advantages of expanding their operations to Ras Al Khaimah during the 2nd Ras Al Khaimah Economic Zone (RAKEZ) Business Investment Forum at The Taj Mahal Hotel in New Delhi last 28 November 2018. Held in collaboration with KPMG, the event was geared towards drawing more Indian manufacturers to Ras Al Khaimah’s industrial ecosystem.
Attended by RAKEZ Chairman His Highness Sheikh Ahmed bin Saqr Al Qasimi and Group CEO Ramy Jallad, the black-tie event followed the overwhelming success of the first RAKEZ forum in Mumbai last year. According to Mr Jallad, India is deeply rooted in RAKEZ’s DNA. To put that into context, RAKEZ hosts over 3,100 SMEs and over 230 industrialists from India, making up to nearly a quarter of the economic zone’s total company population. Solely this year, RAKEZ has registered nearly 700 companies out of the over 11,000 enquiries it has received from Indian businessmen since January.
“We have been very busy connecting with Indian businesses this year. We opened a new office in Mumbai, conducted a six-city roadshow across India, and then held our 2nd Business Investment Forum – which was the major culmination to all our efforts for India in 2018,” said Mr Jallad, adding that the forum served as a great platform to engage with leading Indian industrialists. “We had the chance showcase the range of incentives RAKEZ offers to help them effectively join the global supply chain, from our industrial facilities and zones to the first-class services in our one-stop shops. The event had a great turnout; we’re definitely going to return early next year to carry on with this momentum.”
RAKEZ saw interest from manufacturing leaders in the fields of food and beverage, pharmaceuticals, and consumer care, among others. The forum is expected to support the continuous growth of RAKEZ’s industrial sector which experienced a 28% increase this year, from 600 manufacturing companies in 2017 to now more than 770.
Among RAKEZ’s Indian success stories are Ashok Leyland, one of the leading automotive assembly company; Dabur, a personal care and products maker; and GK Technologies, a steel structure manufacturer.