Dr. Rashid Alleem visits NSIC Incubation cum Training Center in New Delhi

Dr. Rashid appreciated the efforts of NSIC in creating self-employment opportunities through Incubation program of NSIC. Applauding the NSIC's initiatives, Dr. Alleem said, "I congratulate NSIC for creating self-employment opportunities through Incubation program facilitating the unemployed youth for setting up their own small enterprises. The training center, no doubt, is promoting entrepreneurship at a micro-level in small townships."

Dr. H.P. Kumar, CMD, NSIC briefed Dr. Alleem about the program and other schemes of NSIC in India for the growth and development of MSME sector. The NSIC Incubation program is an integrated support by way of providing hands on training on working projects, it provides necessary facilities for prospective entrepreneurs and start-up companies to learn product manufacturing processes coupled with technology development, Business development under one roof.

"Incubation program of NSIC is an answer to the growing unemployment round the world especially in developing countries," Dr. Rashid commented.

NSIC has already set up Incubation Centers at various places including African countries.

As a leading Free Zone in the UAE, HFZA consistently continuing to support the SMEs & entrepreneurs believes in the importance of SMEs and on its rapidly gaining credence as one of the key contributors of economic progress of any nation.

"Hamriyah Free Zone offers best infrastructure facilities and high quality services to welcome foreign investment in various sectors like manufacturing, trade and services," said Al Leem.

"Besides the advantage of being in a strategic location to access global markets, HFZA also offers 100% ownership, tax free environment and 100% repatriation of capital and profits, amongst various other competitive incentives."

The fact that 5,700 companies from across 140 countries have collectively pumped in more than Dhs25bn since its inception in November 1995 is a fitting testimony to HFZA's success as a dynamic and investor-friendly free zone, Director General added.