Sharjah Chamber of Commerce organizes trade mission to India from May 29 to June 2
The Sharjah Chamber of Commerce and Industry (SCCI) is organizing a trade mission to India from 29 May to 2 June. Led by the SCCI’s Sharjah Exports Development Centre, the mission aims to strengthen economic and trade cooperation, promote investment and establish partnerships between Sharjah and India. The delegation will be led by SCCI Chairman Abdullah Sultan Al Owais and will include officials from SCCI and major private industrial and commercial entities in Sharjah.
The trade mission aligns with SCCI’s strategic goals to expand into foreign markets and explore new opportunities for business in Sharjah. It will also support the goals of the Comprehensive Economic Partnership Agreement (CEPA) between the UAE and India, which came into force in May 2022, by facilitating more trade and promoting key export sectors.
During the five-day mission, the delegation will highlight the benefits and investment opportunities in Sharjah, with the aim of attracting foreign investors and encouraging Indian companies to invest in sectors that align with Sharjah’s economic vision and sustainable development goals. Mumbai and New Delhi will be the main destinations hosting business forums and meetings to promote interaction between officials and leaders of the Chambers of Commerce and Industry of both countries.
This trade mission follows the establishment of the New Indian Professional Business Council in Sharjah in February 2023, which aims to strengthen bilateral cooperation and boost trade and investment volumes with friendly nations.
The activation of the CEPA has had a positive impact on trade and investment between the UAE and India, with the value of non-oil intra-trade reaching $45.5 billion in the first 11 months, representing an annual increase of 6, 9%.
Overall, the trade mission to India seeks to strengthen economic ties, encourage investment and facilitate mutually beneficial partnerships between Sharjah and India in line with their respective economic objectives and CEPA.