To attract investments from the Indian pharmaceutical sector in Dubai, Jebel Ali Free Zone (JAFZA) is organising a series of workshops in Hyderabad, Ahmadabad and New Delhi on April 4, 6 and 8.

“The aim of our workshop is to create awareness about the business opportunities in UAE among the Indian pharmaceutical fraternity. As part of this we are organising business establishment workshops in all the major cities of India to attract as many Indian pharmaceutical companies to United Arab Emirates. UAE is offering attractive incentives to Indian pharma investors to invest at Jebel Ali Free Zone and setting up their manufacturing plants in the country. At present JAFZA constitute more than 7000 pharmaceutical and biotechnology companies established in the free zone,” informed Sooraj Dhawan, India director, JAFZA.

As part of UAE’s objectives to further boost the industrial growth in the country, UAE has started offering several incentives in the free zone. “Currently JAFZA zone has already established more than 100 fortune 500 companies and performing well. Indian establishments can also take advantage of this opportunity and make UAE as their platform to expand their business in the Middle East,” said Dhawan.

The major incentives provided in the ZAFZA zone include zero tax environment and no restrictions on capital repatriation for the new establishments which are willing to invest in the free zone. “As India is already a generic capital of the world and the pharma industry has already captured major western markets, JAFZA is definitely an opportunity for firms to venture into the unexplored markets of Central Asia and Middle East. Hope the members will take the best advantage of this opportunity,” said Dr PV Appaji, director general of Pharmexcil.

The JAFZA team will arrive in Hyderabad on April 4 and conduct one to one meetings with the local pharma enterprises and interested investors. The experts from UAE will also give a detailed presentation on the opportunities available and incentives to the new inventors at JAFZA.