"This is the first time we are hosting a road show in Kolkata to promote DMCC in this region and also the corridor between Middle East and Eastern India programme," its Chief Executive Officer Gautam Sashittal told reporters here.
According to him, there are about 2,500 companies from India operating in the free zone, out of about 13,700 companies.
"There are not many from the eastern India," he said, adding that bulk tea producer, McLeod Russel, was associated with the tea centre in the free zone.
Sashittal said the free zone continued to grow despite the economic pressure in Gulf region, and the proposed Value Added Tax of five per cent in the United Arab Emirates is not expected to dent the investors' investment sentiment for setting up base in the region.
"Valued at just US $180 million in the 1970s, compared to the US $50 billion we see today, the UAE-India partnership is a great example of how strong leadership and collaboration delivers," he said and added the bilateral trade was expected to double in the next three-four years.
The free zone was now promoting "Uptown Dubai" by adding more land to its area to meet future growth though the existing free zone was yet to be filled up, he added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.