The collaboration aims to provide opportunities for knowledge exchange and capacity-building, allowing tech and agricultural companies in the RAKEZ business community
Ras Al Khaimah Economic Zone (RAKEZ) and the Indian Chamber of Food and Agriculture (ICFA) have signed a Memorandum of Understanding (MoU) aimed at promoting mutual growth and development in the food and agriculture sector of the UAE and India.
The agreement, signed by Ramy Jallad RAKEZ Group CEO and Dr MJ Khan ICFA Chairman, is intended to strengthen the strategic collaboration between the two countries. The partnership also aims to facilitate knowledge exchange, trade promotion, investment, and research and development collaboration.
On the development, Jallad expressed the significance of the MoU, emphasising the commitment to strengthen relationships with international organisations like ICFA and recognising India’s role as a strategic trade and investment partner for the UAE.
India, being one of the UAE’s largest trading partners, brings valuable innovation and expertise in the food and agriculture sectors, particularly in sustainable farming and food processing technologies.
The collaboration aims to provide opportunities for knowledge exchange and capacity-building, allowing tech and agricultural companies in the RAKEZ business community to enhance their methods and share innovative, sustainable farming techniques with major Indian companies.
Khan highlighted the importance of this collaboration for ICFA, stating that it marks a pivotal moment in their history. The partnership with RAKEZ will enable Indian agri-businesses to explore profitable opportunities in the MENA region through Ras Al Khaimah.
Additionally, joint research and development projects are expected to stimulate agricultural innovation and contribute significantly to the advancement of the sector in both India and the UAE.
The MoU will facilitate promotional activities for trade, market access, and business matchmaking between Indian food and agriculture companies and businesses within the RAKEZ ecosystem.