Even as the newly-elected Samajwadi Party government in Uttar Pradesh is still at pains to put together attractive policies to draw investors to the state, a delegation of Hamriyah Free Zone Authority in the United Arab Emirates came knocking in the state capital, inviting investors and businessmen of the state to do business in the Arab and African regions.
The delegation emphasized on the hassle-free procedures to set up businesses in HFZ. Stressing that north India in general, especially this region, had a great business potential, Saud Al Mazrouee, director of commercial affairs, Hamriyah Free Zone Authority, extended an open invitation to the industrialists and investors from the region to invest in ?Hamriyah which is a free-trade zone and also provides the best of facilities?.
?In the last four months of 2011, out of the 493 companies that have started their operations in HFZ, which is strategically located, connecting three continents, 38% (190) are Indian,? Mazrouee stated, adding that HFZ investors engaged in import and export of commodities also benefit from easy access to seaports and a Sharjah Link, which is a unique trade corridor, straddling the Arabian Gulf and the Indian Ocean.
