June 8, 2023

Dubai Week

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"Dubai Multi Commodities" reviews business benefits for Indian companies

“Dubai Multi Commodities” reviews business benefits for Indian companies

Dubai: “The Gulf”

DMCC successfully completed; His “Innovation for Business” live campaign in Chennai and Kerala, India highlighted the benefits of doing business in Dubai for Indian companies looking to expand internationally.

Senior executives of DMCC addressed over 300 representatives of the Indian business community from various sectors and government agencies. Speakers and delegates discussed strategic geographical location, business attraction of Dubai and ease of doing business at DMCC. Opportunities for UAE and India to enhance bilateral trade relations were also discussed.

Remove obstacles

Ahmad bin Sulayem, MD and CEO of TMCC, said: “Easily doing business, removing barriers to entry into new markets and opening up new business opportunities are core elements of TMCC’s business. Dubai and India have enjoyed very strong and long-standing trade relations, with India currently being Dubai’s second largest trading partner. The signing of the Comprehensive Economic Partnership Agreement between the UAE and India, which came into force in May this year, is the latest development in the context of strengthening our ties. The agreement aims to increase bilateral trade to $100 billion within five years, a 66 percent increase from the current trade volume of $60 billion.

Bin Sulaym added: “Through these advertising campaigns, we are showcasing the competitive edge the center offers to companies looking to establish themselves in Dubai. Although diplomatic and trade relations between the UAE and India have strengthened significantly in recent years, we can do more by supporting exporters and companies in both countries.

Organized in collaboration with the Federation of Indian Chambers of Commerce and Industry, the promotional event showcased DMCC’s deep commitment to business in the region and focus on strengthening trade ties with India in various sectors such as metals, precious stones, technology. Telecommunications and Financial Services.

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Career opportunities

On this occasion, the Confederation of Indian Chamber of Commerce and Industry said: “We are delighted to partner with TMCC to discuss business opportunities in the UAE for our members in Chennai and Kochi. With the UAE-India Comprehensive Economic Partnership Agreement, the business opportunity of setting up a company in Dubai is high on the agenda of many Indian companies. DMCC, as a leading free zone, will provide more trade and investment opportunities for these companies.

India is a key growth market for companies based in Dubai and DMCC as it is the UAE’s second largest trading partner, and the UAE is India’s third largest trading partner. The two countries have signed several trade and investment agreements over the past decade.