Sign in
Rakez to host Xpro India’s first global manufacturing unit: India-based conglomerate Birla’s dielectric film producer Xpro India Limited will develop a AED 100 mn global manufacturing unit in the UAE’s Ras Al Khaimah Economic Zone (Rakez), slated for operation in 2Q 2025, according to a statement. The project, Xpro Dielectric Films, will be the firm’s first global manufacturing unit.
Details: 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 “will account for around 33% of the total capacity under Xpro’s umbrella.”
A regional hub: The firm looks to leverage Ras Al Khaimah’s strategic position as a global logistics hub to supply Xpro’s products to markets in the US, Europe, and East Asia, with Xpro’s 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 “welcoming and forward-looking business climate, proximity to efficient transport hubs, and advanced infrastructure,” said Xpro Chairman Sidharth Birla.
What they said: “The UAE’s 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,” Birla explained.
REMEMBER- A meeting of the UAE-India High Level Joint Task Force on Investments back in October 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.
India has been eyeing expansion in Rakez: Rakez inked an MoU earlier this week 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.
About Rakez: Rakez, one of the UAE’s biggest economic zones, hosts over 23k SMEs, industrialists, and startups, according to their website.
