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Last Updated : 27 January 2012 at 14:45 IST
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India to increase investments in Ras Al Khaimah

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ABU DHABI (Commodity Online): Ras Al Khaimah invited Indian investments in area like manufacturing, healthcare, logistics and sought Federation of Indian Chambers of Commerce and Industry (FICCI)'s platform for building trade and business linkages.


Ras Al Khaimah Investment Authority (RAKIA) held out future potential for Indian outsourcing companies in the upcoming RAK Financial City, being envisaged as a new generation offshore centre.


India accounted for a whopping 27% of the total FDI received by RAKIA .


According to SK Chatterjee, General Manager, International Business Development, RAKIA, urged Indian corporates to explore not only the huge business facilities being offered by RAKIA, but also the international facilities, living standards, a peaceful, crime free and corruption free atmosphere with a large Asian diaspora residing in the Emirate.


“We hope members from RAKIA will find a way to keep FICCI informed of the new business collaborations or joint ventures that they may be exploring with their Indian counterparts,” said Peter Hassan, Advisor, Strategy and Planning, FICCI.

MCX GOLD.995 04 August 2012 contract was trading at Rs 28520 , up Rs. 133 . What's your view on it?
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