Dubai Logistics City woos Indian investment

Dubai Logistics City continued its international promotional campaign by attending the recent Air Cargo India 2006 event.

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By  Robeel Haq Published  November 26, 2006

Dubai Logistics City continued its international promotional campaign by attending the recent Air Cargo India 2006 event. “The UAE is India’s second largest trading partner in the Arabian Gulf and practically lies on the doorstep of the Indian market – just two-hours flying time away,” said Michael Proffitt, CEO, Dubai Logistics City. “With the country undergoing massive deregulation and huge pro-activity in attracting foreign direct investment, largely through outsourced operations, it is high on our tenant target list.” India is fast emerging as a global air cargo leader with current annual airfreight growth at 18% and analysts projecting that Indian exports will touch US$150 billion by 2008-09. India also has commercial fleet-agreements endorsed for delivery of 490 aircraft worth US$30 billion during the next decade. “This is a market we would ignore at our peril,” warned Proffitt. “India’s own business proposition of cost-competitiveness in outsourcing and production can now be further honed by the DLC case of bettering the bottom-line and accessibility of these very producers.”

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