Saturday 24 August 2013

Arab states plan investment region in India | GulfNews.com

Arab states plan investment region in India | GulfNews.com:

"Investors and entrepreneurs from 23 Arab states plan to build an exclusive investment region near Bengaluru ewith world class facilities for micro, small and medium enterprises (MSME) in diverse sectors of the economy.
“We plan to build an Arab Investment Region (AIR) in about 400 acres of land near National Highway seven (NH7) and closer to the Bangalore international airport at Devanahalli as investors and entrepreneurs from Arab states are keen to set up MSMEs for exports,” Indo-Arab Chamber of Commerce (IACC) chairman S. Krishna Kumar said Friday on the margins of a trade meet here.
The IACC will soon approach the Karnataka government for regulatory approvals to build the region with an integrated township and an ecosystem that will also facilitate local investors to set up MSMEs that will export primarily to Arab states."

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