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Who signs MoU to enhance food and agriculture collaboration?
A)
ICMR and RAKEZ
B)
ICFA and RAKEZ
C)
IAFA and RAKEZ
D)
IBAC and RAKEZ

Correct Answer :   ICFA and RAKEZ


Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) have signed a Memorandum of Understanding.

Aim : To promote mutual growth and development in the food and agriculture sectors of the UAE and India

* The agreement strengthens the strategic collaboration between the two countries.

* The partnership aims to facilitate knowledge exchange, trade promotion, investment, and research and development collaboration.

* CA Harikishan Rankawat, President of the Federation of Indian Industry (Dubai Chapter) and Chairman of the Institute of Chartered Accountants of India (Dubai Chapter), expressed support for the collaboration, emphasizing their dedication to promoting trade and investments between the UAE and India.

* Leveraging their relationships with various industries in both countries, they aim to bring fresh perspectives and innovative ideas to the table.

* This MoU further strengthens the UAE-India relations, which have been elevated by the recent Comprehensive Economic Partnership Agreement (CEPA).

* With over 4,000 Indian companies, including global giants like Mahindra, Ashok Leyland, and Dabur, already operating in RAKEZ, the collaboration with ICFA promises to boost Indian presence and investment in the UAE.

* The agreement serves as another milestone in the bilateral relationship between the two nations, amplifying the investment potential for Indian businesses in the UAE and solidifying the UAE's status as a preferred business hub for Indian enterprises..

Source : AIR

Published On : July 5, 2023
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