Kizad announces deal with India's AIPMA ahead of PM Modi's visit
All India Plastics Manufacturers' Association deal signed earlier this month to drive investment at Kizad Polymers Park
Ahead of Prime Minister Narendra Modi’s visit to the UAE on 23-24 August, 2019, to receive the Order of Zayed in the UAE, Khalifa Industrial Zone Abu Dhabi (Kizad) – a subsidiary of Abu Dhabi Ports – announced it had signed an agreement with All India Plastics Manufacturers' Association (AIPMA) in Delhi to support Indian polymer investors through Kizad Polymers Park and drive manufacturing investments to the Abu Dhabi hub.
Kizad Polymers Park features companies producing polymers for packaging, construction, and semi-finished products, in addition to compounded and composite materials as well as those supporting 3D printing.
Gulf Compound Blending, Cosmoplast, Interplast, Industrium, Songwon Polysys, and Schmidt Middle East are among the firms present at Kizad Polymers Park.
Commenting on the agreement with India’s AIPMA, chief executive officer of Abu Dhabi Ports, Capt 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 from all over the world 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.”
AIPMA president, Meela Jayadev, added: “India has an enormous plastic and polymers manufacturing industry and the UAE is one of our top five import markets.
“The [agreement] 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.”