UAE woos Indian businesses with free zone opportunities

The Confederation of Indian Industry and Jebel Ali Free Zone host the “Dubai — India’s Gateway to the World” session in New Delhi on May 11, 2023. (AN photo)
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Updated 11 May 2023
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UAE woos Indian businesses with free zone opportunities

  • Economic ties between India and the UAE got a boost with a free trade pact signed last year
  • Indian startups see growth potential through Dubai free zone incubation centers and schemes

NEW DELHI: A UAE free economic zone invited Indian companies on Thursday to expand operations into the region, as the Gulf state tries to attract investors from South Asia’s largest economy with new opportunities.

Economic ties between India and the UAE received a major boost when their Comprehensive Economic Partnership Agreement came into force in May last year.

The landmark deal reduced tariffs on about 80 percent of all goods and provided zero-duty access to 90 percent of Indian exports.

The potential for further trade expansion under the pact’s framework was explored by businessmen on Thursday during the “Dubai — India’s Gateway to the World” session held in New Delhi by the Confederation of Indian Industry and Jebel Ali Free Zone, or Jafza.

Considered the world’s leading free zone and integrated business hub, Jafza, which hosts thousands of companies, is part of the Emirati multinational logistics company DP World.

“The purpose is basically to promote ‘Made in India’ through Dubai as a gateway for Indian exports,” Abdulla bin Damithan, CEO and managing director of DP World UAE and Jafza, told Arab News.

With the trade pact in place, Indian businesses can benefit from the UAE’s similar agreements with other countries, which could become their new markets.

“We have heard a lot of customers here in India — investors and businessmen — who want to further expand their growth into Africa and other countries, where we have a presence, our own capabilities to enable them to enter these markets,” Bin Damithan said. “Our customers can benefit from our network around the world.”  

For the Confederation of Indian Industry, engagement with Dubai can have an enabler effect for businesses.

“Earlier, Dubai Port or DP World was a logistic provider, and now it is a trade enabler where logistics is one component. Besides that, you have facilitation of business providing you the land for business, they are giving you manufacturing facilities,” the confederation’s international director, Manish Mohan, told Arab News.

“They want Indians to invest in their free zones and they will facilitate and enable the expansion of trade in the Gulf and African regions and other parts of the world ... The CII is actively promoting UAE as the trading, manufacturing and logistics hub for the GCC, Africa and other key markets and identifying opportunities for Indian investments.”

The free zone also hosts incubation centers and schemes, which appeal to emerging Indian business players.

“Dubai offers an opportunity for a start-up like me to incubate … for three years, and explore markets and establish ourselves,” said Rajan Moga, founder of Club TV, which offers virtual reality services in the hotel industry.

“We want to get insight into the Dubai market and understand its ecosystem.”

Shalini Singh, founder of Soul for Earth, who came to Thursday’s session to explore how her heritage craft business could enter the UAE market, said she would look into the international opportunities it offers.

“I am a startup — I will use the incubation program offered by … Dubai, and hope to have some handholding and get to explore the Dubai market,” she told Arab News.

“Dubai is a confluence of so many cultures. Arabs are there, so are Americans and people from other countries ... this is the one place where I will get a hand for the entire market.”


Trump says ‘hopefully’ no need for military action against Iran

Updated 30 January 2026
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Trump says ‘hopefully’ no need for military action against Iran

  • US president said he is speaking with Iran and left open the possibility of avoiding a military operation
  • An Iranian military spokesman warned Tehran’s response to any US action would not be limited

PARIS: US President Donald Trump said on Thursday he hoped to avoid military action against Iran, which has threatened to strike American bases and aircraft carriers in response to any attack.
Trump said he is speaking with Iran and left open the possibility of avoiding a military operation after earlier warning time was “running out” for Tehran as the United States sends a large naval fleet to the region.
When asked if he would have talks with Iran, Trump told reporters: “I have had and I am planning on it.”
“We have a group headed out to a place called Iran, and hopefully we won’t have to use it,” the US president added, while speaking to media at the premiere of a documentary about his wife Melania.
As Brussels and Washington dialed up their rhetoric and Iran issued stark threats this week, UN chief Antonio Guterres has called for nuclear negotiations to “avoid a crisis that could have devastating consequences in the region.”
An Iranian military spokesman warned Tehran’s response to any US action would not be limited — as it was in June last year when American planes and missiles briefly joined Israel’s short air war against Iran — but would be a decisive response “delivered instantly.”
Brig. Gen. Mohammad Akraminia told state television US aircraft carriers have “serious vulnerabilities” and that numerous American bases in the Gulf region are “within the range of our medium-range missiles.”
“If such a miscalculation is made by the Americans, it will certainly not unfold the way Trump imagines — carrying out a quick operation and then, two hours later, tweeting that the operation is over,” he said.
An official in the Gulf, where states host US military sites, said that fears of a US strike on Iran are “very clear.”
“It would bring the region into chaos, it would hurt the economy not just in the region but in the US and cause oil and gas prices to skyrocket,” the official added.
‘Protests crushed in blood’
Qatar’s leader Sheikh Tamim bin Hamad Al-Thani and Iran’s President Masoud Pezeshkian held a call to discuss “efforts being made to de-escalate tensions and establish stability,” the Qatar News Agency (QNA) reported.
The European Union, meanwhile, piled on the pressure by designating the Islamic Revolutionary Guard Corps (IRGC) a “terrorist organization” over a deadly crackdown on recent mass protests.
“’Terrorist’ is indeed how you call a regime that crushes its own people’s protests in blood,” said EU chief Ursula von der Leyen, welcoming the “overdue” decision.
Though largely symbolic, the EU decision has already drawn a warning from Tehran.
Iran’s military slammed “the illogical, irresponsible and spite-driven action of the European Union,” alleging the bloc was acting out of “obedience” to Tehran’s arch-foes the United States and Israel.
Iranian officials have blamed the recent protest wave on the two countries, claiming their agents spurred “riots” and a “terrorist operation” that hijacked peaceful rallies sparked over economic grievances.
Rights groups have said thousands of people were killed during the protests by security forces, including the IRGC — the ideological arm of Tehran’s military.
In Tehran on Thursday, citizens expressed grim resignation.
“I think the war is inevitable and a change must happen. It can be for worse, or better. I am not sure,” said a 29-year-old waitress, speaking on condition of anonymity for fear of reprisals.
“I am not in favor of war. I just want something to happen that would result in something better.”
Another 29-year-old woman, an unemployed resident of an upscale neighborhood in northern Tehran, said: “I believe that life has highs and lows and we are now at the lowest point.”
Trump had threatened military action if protesters were killed in the anti-government demonstrations that erupted in late December and peaked on January 8 and 9.
But his more recent statements have turned to Iran’s nuclear program, which the West believes is aimed at making an atomic bomb.
On Wednesday, he said “time is running out” for Tehran to make a deal, warning the US naval strike group that arrived in Middle East waters on Monday was “ready, willing and able” to hit Iran.
Conflicting tolls
The US-based Human Rights Activists News Agency (HRANA) said it has confirmed 6,479 people were killed in the protests, as Internet restrictions imposed on January 8 continue to slow verification.
But rights groups warn the toll is likely far higher, with estimates in the tens of thousands.
Iranian authorities acknowledge that thousands were killed during the protests, giving a toll of more than 3,000 deaths, but say the majority were members of the security forces or bystanders killed by “rioters.”
Billboards and banners have gone up in the capital Tehran to bolster the authorities’ messages. One massive poster appears to show an American aircraft carrier being destroyed.