{"id":79805,"date":"2024-07-18T00:00:00","date_gmt":"2024-07-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/xpro-india-limited-to-open-global-manufacturing-unit-in-ras-al-khaimah\/"},"modified":"2024-07-18T00:00:00","modified_gmt":"2024-07-18T00:00:00","slug":"xpro-india-limited-to-open-global-manufacturing-unit-in-ras-al-khaimah","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/07\/18\/xpro-india-limited-to-open-global-manufacturing-unit-in-ras-al-khaimah\/","title":{"rendered":"Xpro India Limited to open global manufacturing unit in Ras Al Khaimah"},"content":{"rendered":"

Rakez to host Xpro India<\/strong>\u2019s first global manufacturing unit: <\/strong>India-based conglomerate Birla\u2019s dielectric film producer Xpro India Limited will develop a AED 100 mn global manufacturing unit in the UAE\u2019s Ras Al Khaimah Economic Zone (Rakez), slated for operation in 2Q 2025, according to a statement<\/a>. The project, Xpro Dielectric Films, will be the firm's first global manufacturing unit. <\/p>\n

Details:<\/strong> The facility will use state-of-the-art machinery on site to produce 4.5k tons of dielectric films per year, according to the statement. The AED 100 mn investment \u201cwill account for around 33% of the total capacity under Xpro\u2019s umbrella.\u201d<\/p>\n

A regional hub:<\/strong> The firm looks to leverage Ras Al Khaimah\u2019s strategic position as a global logistics hub to supply Xpro\u2019s products to markets in the US, Europe, and East Asia, with Xpro\u2019s India-based manufacturing units meeting around a third of the domestic demand in the country. The firm selected Ras Al Khaimah for this expansion due to its \u201cwelcoming and forward-looking business climate, proximity to efficient transport hubs, and advanced infrastructure,\u201d said Xpro Chairman Sidharth Birla.<\/p>\n

What they said:<\/strong> \u201cThe UAE\u2019s Comprehensive Economic Partnership Agreement (CEPA) and its extensive network of FreeTrade Agreements (FTAs) are additional factors, allowing a unique opportunity to tap into new markets and expand our presence and market reach more effectively,\u201d Birla explained.<\/p>\n

REMEMBER-<\/strong> A meeting of the UAE-India High Level Joint Task Force on Investments back in October<\/a> saw officials from the two countries discuss the Abu Dhabi-India Virtual Trade Corridor, which seeks to boost trade volumes by creating data exchange systems that streamline paperless trade between the two nations.<\/p>\n

India has been eyeing expansion in Rakez: <\/strong>Rakez inked an MoU earlier this<\/a>week<\/a> with the All India Association of Industries to develop a platform to attract Indian enterprises to Ras Al Khaimah. Rakez also inked an MoU with the Indian Chamber of Commerce to boost business ties between the UAE and India last month<\/a>.<\/p>\n

About Rakez:<\/strong> Rakez, one of the UAE\u2019s biggest economic zones, hosts over 23k SMEs, industrialists, and startups, according to their website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The facility is set to integrate state-of-the-art machinery on site, to produce 4.5k tonnes of dielectric films per year<\/p>\n","protected":false},"author":1,"featured_media":79806,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[201,32,129,21],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79805","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-zones","tag-india","tag-trade","tag-uae","tag-zones","wpautop","entry"],"acf":{"mongo_id":"a1dbc90f-092a-4184-ad85-1140cf4b5b12","order":"3","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/1442.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Xpro India Limited to open global manufacturing unit in Ras Al Khaimah","related_issue":[79800],"teaser":"The facility is set to integrate state-of-the-art machinery on site, to produce 4.5k tonnes of dielectric films per year","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.ae678cc4-bc20-40ba-804b-b7b9bcbb8165.mp3"},"yoast_head":"\nXpro India Limited to open global manufacturing unit in Ras Al Khaimah - 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