Total exports between Ajman and India amounting to AED 407 million during 2018-2020

Jan
26

The Ajman Department of Economic Development (DED) congratulated the Indian community in Ajman on the occasion of The Republic Day of India, which is on January 26th. The United Arab Emirates and the Republic of India have outstanding deep ties of friendship in all economic, political and cultural aspects dating back to more than a century.

As these relationships are outstanding state-wide, Ajman also holds a strong economic relationship with India. This relationship has been transformed into a comprehensive strategic partnership. In a report issued on the level of the economic relations between the Emirate and India, it was indicated that the volume of exports and re-export between the two parties amounted to AED 144 million in 2018 and had risen to approximately AED 167 million in 2019, with a growth rate of 8%. In 2020, however, the volume of exports reached about AED 95 million despite the Corona pandemic, reflecting the closeness of trade relations.

Abdullah Ahmed Al-Hamrani, the General Manager to the DED, said: "The Emirate of Ajman has close and strong economic ties with the Republic of India. This is reflected by the volume of trade cooperation between the two parties. The Department has provided an economic atmosphere and an attractive investment environment in order to achieve comprehensive and sustainable economic development. The Emirate's most important exports to India include petroleum oils, aluminium, fruits, salt, sulphur, plastics and their manufactures. As for the most important imports, they include gold, clothing and fruits."

With regard to Indian investments in the Emirate, Al-Hamrani indicated that the total number of economic licenses issued to Indian investors amounts to 8,764 licenses; with the commercial licenses accounting for 58% of the existing licenses, and the professional licenses accounting for 35%. Building Maintenance is the most attractive activity for the Indian investors, as the Indian investments in this activity amount to 8% of total existing licenses, whereas the general trade activity constitutes about 5% of total licenses.



Top