DWC highlights opportunities to Indian businesses
Dubai World Central (DWC) recently embarked on a six-day tour of India in a bid to establish relations with the country’s business community and promote its rapidly expanding Business Park Free Zone to local companies and investors.
The DWC delegation made its first stop in New Delhi before proceeding to Bangalore and Mumbai. DWC supported by the Federation of Indian Chamber of Commerce and Industry (FICCI), met with key business organisations, influencers, major business management groups, lawyers, and consultants.
More than 20,000 square metres of office space has been leased in 2014 to date, with additional space being fitted out at present to cater to small and medium enterprises (SMEs).
Paolo Serra, vice president of Business Park, Dubai World Central, said: “More than 50 percent of the companies established in DWC are either fully or partially owned by Indian investors, reflecting the emirate’s productive and long-standing relationship with India.
"In 2013, India emerged as the top trading partner of Dubai after recording a trade volume of $37billion to account for 10 per cent of the emirate’s total foreign trade.
"At DWC Business Park, we believe that we can strategically contribute to an even stronger partnership. Indian businessmen can quickly establish their businesses at DWC, the new gateway of global commerce. In addition, as a Free Economic Zone, we offer 100 per cent foreign ownership and a zero tax policy along with a variety of business licenses.”