In a historic event at the World Governments Summit 2024, a transformative vision unfolded as His Highness Sheikh Mohammed bin Rashid Al Maktoum and Prime Minister Narendra Modi laid the foundation stone for Bharat Mart in Dubai. Spearheaded by DP World’s Chairman and CEO, Sultan Ahmed bin Sulayem, this ambitious initiative is poised to redefine trade ties between the UAE and India, bringing about unparalleled opportunities for economic collaboration. Let’s delve into the intricate details of this groundbreaking venture that promises to shape the future of trade.
Bharat Mart revolutionizes your business operations by offering a unique local/free-zone hybrid business platform. With cutting-edge and cost-effective supply chain solutions right at your fingertips, you can seamlessly cater to both local and global customers. Its mega-distribution center, complete with showrooms and warehouses, serves as the ultimate link connecting your business to a vast consumer base of 3.5 billion individuals across Europe, Africa, and the Middle East. Embrace a future of limitless possibilities as Bharat Mart opens doors to unparalleled opportunities for your business.
Building Stronger Ties – The Vision for Bharat Mart
Bharat Mart emerges as a cornerstone for fostering stronger trade ties between the UAE and India, embodying the shared commitment to reaching a $100 billion non-oil bilateral trade target by 2030. Sultan Ahmed bin Sulayem emphasizes the pivotal role Bharat Mart will play in providing opportunities for Indian manufacturers, aligning seamlessly with government initiatives such as Make in India and D33. With world-class infrastructure and logistics capabilities, Bharat Mart aspires to be the ideal gateway for Indian goods, efficiently reaching high-growth markets in the Middle East, Europe, and Africa.
Ceremonial Unveiling – World Governments Summit 2024
The symbolic foundation stone for Bharat Mart was laid during a grand ceremony at the World Governments Summit 2024, a platform that brought together the visionary leaders of the UAE and India. Attended by influential figures such as His Highness Sheikh Hamden bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, the event underscored the strategic importance of this groundbreaking venture in shaping the economic landscape of both nations. Notable dignitaries including S Jaishankar, External Affairs Minister of India, and Ajit Doval KC, National Security Advisor of India, added weight to the significance of the ceremony.
Strategic Location and Facilities of Bharat Mart
Spanning an impressive 2.7 million square feet, with its first phase covering 1.3 million square feet, Bharat Mart is strategically situated in the Jebel Ali Free Zone (Jafza). This mega distribution hub is designed to house 1,500 showrooms, offering retail and wholesale customers a diverse range of options. Additionally, it boasts over 700,000 square feet of Grade A warehousing space, providing tenants with the combined benefits of a free zone and onshore facility to facilitate seamless trade operations.
Strategic Connectivity for Indian Exporters
Bharat Mart’s strategic location, just 11km from Jebel Ali Port and 15 km from Al Maktoum International Airport, ensures efficient multimodal logistics solutions for Indian exporters. The facility will offer direct connectivity to over 150 maritime destinations and air links to more than 300 cities, solidifying its position as a key trade gateway. With seamless connectivity, Bharat Mart becomes an invaluable asset for Indian businesses looking to expand their reach globally.
Dubai’s Crucial Role in India-UAE Trade
Dubai has long played a pivotal role in fostering the trade relationship between India and the UAE. In 2022, 87% of the total non-oil trade value, amounting to $44.9 billion of $51.4 billion, flowed through the emirate. Jafza has become a home for nearly 1,500 Indian businesses, trading over five million metric tonnes of cargo valued at $8.6 billion. Bharat Mart is poised to amplify this relationship, providing a strategic platform for Indian businesses to thrive in the dynamic trade landscape.
A New Era Unfolds with Bharat Mart
As Bharat Mart paves the way for a new era in trade relations, its significance cannot be overstated. The vision unveiled at the World Governments Summit 2024 marks a historic moment in the economic collaboration between the UAE and India, opening doors to a future of unprecedented growth and opportunity. The strategic location, state-of-the-art facilities, and visionary leadership ensure that Bharat Mart will not only serve as a trading hub but also as a symbol of the enduring partnership between these two nations. As we anticipate the completion of this transformative project in 2026, Bharat Mart stands as a testament to the power of collaboration, innovation, and shared economic aspirations.
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