Dubai: The UAE could become the new manufacturing hub of India once a Free Trade Agreement (FTA) is signed between the two nations, a business forum here has said.
The Indian Business Leaders Forum (IBLF) also said it would make all out efforts to see the FTA become a reality in the coming months.
At a round table organised here, business leaders asked the community to strategise their businesses given the current economic and political scenario in the region and global uncertainties.
Business leaders at the round table also discussed the proposed Direct Tax Code (DTC) to be implemented by the government of India and its effect on NRI status.
The IBLF has decided to call on Finance Minister Pranab Mukherjee and Yashwant Sinha, the Chairman of the Parliament Standing Committee on Finance and former Finance Minister of India, to submit a memorandum.
PTI