SCCI's mission to India highlights 30% growth in Indian investments

Abdallah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), affirmed that Sharjah holds a strategic position for Indian companies as a preferred investment destination, thanks to its fully integrated competitive advantages.

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He noted that Indian investors form a key component of Sharjah's business landscape, with nearly 2,000 new Indian companies joining the Chamber in 2024. This growth brought the total number of Indian businesses operating in the emirate to around 20,000, reflecting a 30 per cent increase compared to 2023. Furthermore, Sharjah's export and reexport volume to India totaled approximately Dhs576 million, as documented through certificates of origin issued by the Chamber.

These remarks were made during the Sharjah-India Business Forum, which was organized by the Sharjah Chamber in Mumbai, the first stop of its trade mission to the Republic of India, led by the Sharjah Exports Development Centre (SEDC). The delegation comprises 15 companies from Sharjah, representing a range of economic sectors.

This mission reflects SCCI’s commitment to supporting the expansion of the UAE companies and the private sector representatives into the Indian market, while also showcasing Sharjah’s diverse and high-potential investment opportunities to Indian counterparts.

The forum was attended by Abdallah Sultan Al Owais, Chairman of SCCI; Waleed AbdelRahman Bukhatir, Second Vice Chairman of SCCI; and Jamal Mohamed Sultan Binhuwaidin, SCCI Board Member.