Indian investments in Jordan reach JD420 million — JFDZG

AMMAN — Director General of Jordan Free and Development Zones Group (JFDZG) Ahmad Halaiqa said that Indian investments in private and public free zones amounted to JD420 million, the Jordan News Agency, Petra, reported on Tuesday.

Halaiqa pointed out that Indian investments in the free zones were in a variation of industrial and chemical enterprises, noting that the Jordan India Fertiliser Company is the largest Indian investment in the Kingdom with a capital of JD320 million.

He added that India has investments of up to JD1.6 million in Zarqa Free Zone in diverse industrial and commercial activities.

Halaiqa stressed that the success of the Indian industrial sector in Jordan and the opening of new markets for Indian exports, as well as the close relations between the leaderships of the two countries, is a foundation for building stronger economic relations based on cooperation and coordination to attract Indian industrialists and investors.

The JFDZG is currently participating in the Jordanian-Indian Business Forum which will be held in New Delhi, according to Petra. 

Halaiqa said that the JFDZG's participation in the forum, organised by the Jordan Chamber of Commerce and the Jordan Investment Commission in cooperation with Federation of Indian Chambers of Commerce & Industry, aims at attracting more investments through marketing and presenting investment opportunities in the free zones. 

He stressed the importance of the group's participation in the Forum, which will be attended by more than 300 Jordanian and Indian businessmen representing various economic sectors, where there will be opportunities to discuss the benefits available between the two economies to improve the bilateral trade relations and the possibility of establishing investment partnerships, in addition to holding bilateral meetings to enhance communication.