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High-level team from Sharjah to visit State

By Our Special Correspondent

KOCHI Oct 3. A high-level delegation led by Sheikh Saqer Al Qassemi, deputy director general, Sharjah airport international free zone (SAIF Zone) and member of the ruling family, is visiting Kochi on October 10.

The SAIF Zone, the centrepiece of the Sharjah Government's commitment to free trade, is an ideal hub for all types of business which require fast, efficient and stress-free working environment. The Emirate of Sharjah also has the additional advantage of being ideally located with seaports in the east and west coast.

The emirate boasts of excellent trade centres, international banks and universities that meet international standards and therefore would facilitate business to prosper and grow.

The objective of the visit of the delegation is to create awareness about the benefits offered by the SAIF Zone to potential investors.

CII-Kerala is organising a seminar on investment opportunities in the SAIF Zone on October 10 here.

The advantages of the SAIF Zone include hundred per cent foreign ownership, repatriation of capital and profits, exemption from corporate taxes and personal income taxes; strategic location and access to over two billion consumers; simplified customs procedure, licence issued in 24 hours, 25 years lease, extended for a similar period; abundant and inexpensive energy: on-site labour accommodation; global and regional communication with excellent land, sea and air links, sponsorship and visas for all staff; back up services provided by the Sharjah Chamber of Commerce and Industry and the Sharjah Expo; quality banking services at competitive rates from 51 banks including 31 international ones; and full service executive office suits, pre-built warehouses and plots of lands in different sizes.

The Industries Minister, P.K. Kunhalikutty, will be the chief guest at the seminar. There will be opportunity for the investors from the State to interact with the delegation from Sharjah.

More details can be had from telephone numbers 313441 and 324890.

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