DP World promotes bilateral trade and investment at key seminar in India
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.
This consensus emerged at a recent trade and investment seminar led by DP World, UAE Region and jointly organised with the Confederation of Indian Industries (CII) in Chandigarh, the joint capital of the two Northern states of Punjab ad Haryana.
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.
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.
The e2e solutions delivered under the India-UAE Bridge will support investors through value propositions by leveraging assets and capabilities in both countries. This aims to enhance access to larger consumer markets through Jebel Ali’s network connectivity being 150 direct ports of call, more than 80 weekly services and a global portfolio of over 150 operations in over 40 countries across six continents.
As part of the initiative, DP World UAE Region launched the Indian Traders’ Incubation Centre at JAFZA One. Herein, the business will not only benefit from Jebel Ali’s integrated trade ecosystem but will be able to expand its access to new markets across the Middle East and beyond.
“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,” commented,” Mohammed Al Muallem, CEO and Managing Director, DP World, UAE Region and CEO, JAFZA.
In 2018, DP World’s $3 billion joint investment fund with India’s National Investment and Infrastructure Fund (NIIF) was set to acquire assets and develop projects in sea and river ports, freight corridors, special economic zones, inland container terminals and logistics infrastructure such as cold storage.
India is one of the UAE’s largest trade partners with bilateral trade amounting to over US$ 60bn and annual growth topping 11%. The expectation is to exceed US$ 100bn as Dubai stands as the key gateway facilitating India-UAE trade.
