Several key Indian ministries and major associations have shown their widespread endorsement for Dubai's Ports, Customs and Free Zone Corporation's latest project Textile Mall, the first merchandise hub of its kind in the world. As the first-ever mall in Dubai that operates under a Free Zone Enterprise (FZE) trade license, the Mall offers a unique 'open door' policy for Indian merchants looking to expand their business. Acting as a galvanizer of the industry, Textile Mall will become a diverse and competitive hub of merchants from around the world and a one-stop-shop for large and small-scale buyers.
As a global hub for textile, apparel and jewellery sector, the Mall is set to significantly invigorate international trade for India-based merchants and their businesses - stimulating a vital growth industry in the heart of Dubai, the gateway hub between East and West. While visiting four cities throughout India last month to meet India-based textile, apparel and jewellery business owners, the Textile Mall executive delegation received widespread support from several ministers and major associations, including the Clothing Manufacturers Association of India (CMAI) and the Southern Gujarat Chamber of Commerce and Industry (SGCCI).
In his opening speech to the delegation of the Textile Mall, the Chief Minister of Gujarat Vijay Bhai Rupani expressed full support and invited owners of the Textile Mall to be a part of Vibrant Gujarat Global Summit 2017 to promote growth of Indian businesses through Dubai. Among many other benefits under the FZE trade license, Indian business owners have 100 per cent foreign company ownership of their business, no corporate or personal income tax, full repatriation of capital and profits and four allocated residency visas per license. The mall also offers an unprecedented 30-year, fixed-price lease for all tenants