The trade and investment flow between India and the United Arab Emirates (UAE) are poised to expand rapidly with the launch of a major initiative by DP World, UAE Region.
The recent launch of the India-UAE Bridge initiative is set to attract both Indian and UAE trade and investments as DP World offers technology-driven end-to-end (e2e) smarter trade solutions to Indian trade fraternity. DP World remains committed to India’s vision of ‘Make in India’, and Dubai’s ambition to remain the regions #1 trade hub and India’s gateway to global markets.
This consensus emerged on 16 July at a trade and investment seminar led by DP World, UAE Region and jointly organised with the Confederation of Indian Industries (CII) in Chandigarh.
At the seminar, DP World, UAE Region executives highlighted the synergies that exist in their portfolio across India and UAE, and the integrated solutions ranging from port-centric logistics, inland logistics, freight and transport. The overarching aim is to enhance trade flows with optimised supply chain solutions.
“India and the UAE have enjoyed long and enduring cordial business and trade relations over the years making India one of our top three trading partners. Long-term investment flows in both directions and is the hallmark of trust we place in each other. We aim to work in partnership with stakeholders to create value and explore opportunities with Jebel Ali Port and Jafza acting as a springboard for investors in both countries.”Mohammed Al Muallem, CEO & MD, DP World, UAE Region and CEO of Jafza
India is one of the UAE’s largest trade partners with bilateral trade amounting to over $60 billion and annual growth topping 11 per cent. The expectation is to exceed $100 billion as Dubai stands as the key gateway facilitating India-UAE trade.