UAE and India Lay the Foundation Stone for 'Bharat Mart'
Bharat Mart is projected to house 1,500 showrooms catering to retail and wholesale customers.
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His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and Narendra Modi, Prime Minister of India, laid the foundation stone for Bharat Mart, a market and trading platform for Indian businesses in Dubai, during a ceremony held at the World Governments Summit 2024. The plans for the market were unveiled by DP World. Bharat Mart will offer a world-class trading platform for Indian manufacturers and exporters to access global markets, reported Wam.
Sultan Ahmed bin Sulayem, Chairman and CEO of DP World Group, said, “By laying the foundations for Bharat Mart, we are paving the way for stronger trade ties between the UAE and India. Our nations have set themselves the target of reaching $100 billion in non-oil bilateral trade by 2030, and Bharat Mart will support this goal, creating more opportunities for Indian manufacturers and contributing to government initiatives like Make in India and D33.”
“With our world-class infrastructure, logistics capabilities and business-friendly ecosystem in Jebel Ali Free Zone (Jafza), Bharat Mart will be the ideal gateway for Indian goods to efficiently reach the UAE and other high-growth markets in the Middle East, Europe and Africa,” he added.
Envisaged over a 2.7 million sq ft area, Bharat Mart is poised to become a mega distribution hub for Indian businesses to trade domestically in the UAE and re-export to regional and global markets. The Phase One of the project encompasses 1.3 million sq ft area.
Bharat Mart is projected to house 1,500 showrooms catering to retail and wholesale customers, and over 700,000 sq ft of Grade A warehousing space, providing tenants with combined free zone and onshore benefits. The facility will also offer light industrial units, office spaces and meeting facilities, it stated.
Bharat Mart will be conveniently located 11 km from Jebel Ali Port, the largest seaport in the Middle East, and 15 km from Al Maktoum International Airport, providing seamless multimodal logistics solutions for Indian exporters. Through the Jebel Ali ecosystem, traders will have direct connectivity to more than 150 maritime destinations and air links to over 300 cities.
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