According to industry experts at the Sharjah Foreign Direct Investment (FDI) forum, it has been stated that the UAE is a lucrative market for foreign investors (which includes Indians).
“UAE is known to have the largest Indian population and it be home of 50,000-60,000 companies. Opportunities for investments by Indians living in the UAE and Indian companies coming to the country are tremendous”, said Paras Shahdadpuri (chairman of the Nikai Group of Companies).
“India currently receives about $60 billion of FDI [it] does about $20-30 billion of export FDI … our rough estimate is that Indians would have invested about $40-50 billion [in the UAE]. Besides this, in the past four years alone, Indians have been investing $5 billion every year in Dubai’s property market,” he said.
The UAE’s FDI inflows was at $11 billion in 2015 and it currently has great potentials to increase. According to Sudesh Aggarwal (chairman of the India Trade and Exhibition Centre), Indians investments is currently on transportation, tourism, education and industrial sectors.
“Sharjah has become an educational hub … it is a strategically located place to do investment. It has two ports … so you can take advantage of this port situation,” he said.
The cost of setting up a business is relatively low.
“We are seeing a lot of manufacturing coming from the Indian side in terms of food processing, consumer products [and] garments,” said C.S. Raghavan (chief representative for the GCC (Gulf Cooperation Council))