News

For immediate release
Sharjah, December 10, 2018

Addressing the growing investment opportunities in the state of Maharashtra,
India, HE Subhash Desai, Minister Industries, Mining Government of
Maharashtra, India, led discussion on the nation’s commercial capital, stating
that the valye of FDI inflows into the state reached US$100 billion.

During Desai’s presentation, under the presence of HE Marwan bin Jassim Al
Sarkal, Executive Chairman of the Sharjah Investment and Development
Authority (Shurooq), he stated the Indian economy is growing steadily with
gross domestic product (GDP) ranging from 70 to 80 percent.

He said: "Investors from around the world know that their money going to
India is safe, especially in Maharashtra, the country's largest industrial zone.
Over the past years, we have developed a promising business environment
by adopting a package of policies that will attract global economies to invest in
the state, and we have formulated special policies in sectors like logistics,
food industries and others.”

Desai also introduced the audience to the 700km corridor linking a major port
in Mumbai and the surrounding areas, a road network connecting large cities
and suburbs, the construction of 10 metro and airport lines, and the
development of ten smart cities.

He noted: “All these ambitious projects together will change the face of the
state and contribute to the provision of a variety of economic products to
foreign investors.”

The Sharjah FDI Forum, which was first launched in 2015 under the
patronage of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, is
organised by Sharjah FDI Office (Invest in Sharjah) with the support of the
Ministry of Economy, and in strategic partnership with CNBC Arabia.

Concluding the session, HE Marwan bin Jassim Al Sarkal granted HE
Subhash Desai a trophy of recognition for his participation and for the
participation of the Maharashtra state at the fourth edition of the Sharjah FDI
Forum.

The fourth edition seeks to boost the emirate’s endeavours to attract more
foreign investments, promote opportunities in main sectors, and strengthen
the UAE’s position as a top investment destination in the region and the entire
world.

-Ends-

About Invest in Sharjah:
Established in 2016, the Sharjah FDI Office (Invest in Sharjah) is the investment promotion agency of the Emirate of Sharjah, launched by the Sharjah Investment and Development Authority (Shurooq). It also functions as a key facilitator to investors, servicing them with a 360-degree informative and physical support, allowing them to fully understand processes, investment advantages and insights on key sectors that fit their business profiles in Sharjah.

As one of the emirate’s key economic growth drivers, Invest in Sharjah is dedicated to the continued transformation and economic diversification of the emirate, and is committed to guiding foreign investors to the unique opportunities and potentials that Sharjah offers to global markets. Its mission is to work collectively with the emirate’s public and private sectors, to guide investors towards strategic and personalised opportunities, promoting collaborations for bilateral growth and update investors on Sharjah’s unique business culture, modern facilities, latest regulations and policies as well as business platforms and free zones that incentivise new prospects.

Invest in Sharjah also works in close partnerships with numerous state entities in the emirate, and has hosted numerous business roundtables and seminars in Sharjah and across the world, attracting unique investments and future ventures with business leaders from The Americas, Europe, Middle East, Gulf Region, Asia and the wider Asia-Pacific Region.

Invest in Sharjah has organised and participated in numerous leading business and investment conferences and seminar in Sharjah and the rest of the world. It is responsible for organising / hosting the Euromoney Conference Sharjah, the Sharjah FDI Forum, the Sharjah Ramadan Majlis and a number of high-level businesses conferences.

For more information, please visit www.investinsharjah.ae or you can contact +971 6 556 0444. For the latest news on Invest in Sharjah on social media, follow @investinsharjah on Twitter and Instagram.