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Khalifa Industrial Zone Abu Dhabi (KIZAD) Has Signed A Strategic Agreement With The All India Plastics Manufacturers' Association (AIPMA)

Ahead of Prime Minister Narendra Modi's visit to the UAE, Abu Dhabi Ports subsidiary Khalifa Industrial Zone Abu Dhabi (KIZAD) has signed a strategic agreement with the All India Plastics Manufacturers' Association (AIPMA) to support Indian polymer investors in developing their geographic reach.

The agreement, signed earlier this month in Delhi, underscores KIZAD Polymers Park's access to raw materials from regional producers and connectivity through KIZAD's major transport links, which include Abu Dhabi's flagship deep-water Khalifa Port as well as international airports.

Commenting on the agreement, Abu Dhabi Ports CEO Captain Mohamed Juma Al Shamisi said: "We look forward to hosting Indian businesses at KIZAD and supporting the location, position and business ecosystem.

"Our aim is to provide investors an enabling environment to do business and a platform for growth that is unparalleled in the Gulf and the Middle East region. Through this agreement, we will be increasing our contributions to the economy of Abu Dhabi and the UAE as a whole, and at the same time help further the UAE's relationship with India, a long-standing economic partner of our country."

This agreement is an excellent step towards supporting the growth of India's massive plastics and polymers businesses. KIZAD Polymers Park has been precisely designed to allow this sector to be cost-effective and time-efficient in an ideal strategic location which has the perfect logistics for companies to expand or enter into foreign markets", said KIZAD Chief Executive Samir Chaturvedi.

"India has an enormous plastic and polymers manufacturing industry and the UAE is one of our top five import markets. The MoU with KIZAD and the potential to work with them to increase our mutual opportunities in new markets is an excellent strategic move on both our parts", stated AIPMA President Meela Jayadev.

KIZAD Polymers Park caters to a variety of different polymers segments, including industrial use, such as packaging, construction, and semi-finished products; end-use customers, such as household goods, agriculture and hygiene products; material science, including compounded and composite materials, and 3D Printing.

Source : newzmart
Posted on :9/10/2019