PM Modi has launched a 100,000sqm Bharat Mart in Dubai with the aim of boosting exports. This initiative is being jointly led by DP World, a Dubai-based company specializing in logistics, ports, and maritime services.
Bharat Mart Unveiled: A Hub for Commerce and Logistics in Dubai
- Replicating Dragon Mart: A collaborative effort between DP World and India’s commerce ministry, Bharat Mart will house retail, warehousing, and logistics facilities within Jebel Ali.
- Strategic Location: Spanning over 100,000 square meters, it aims to reduce shipping costs and time from India to Africa and Europe.
Symbolic Inauguration Marks Strong ties
- Virtual Ceremony: Prime Minister Modi and UAE Vice President Mohamed bin Rashid Al Maktoum lay the foundation stone.
- Shared Vision: Underscores the commitment of both nations to foster economic cooperation and facilitate India-UAE trade.
Boosting Trade for Indian SMEs
- Operational by 2025: Bharat Mart streamlines export processes for Indian SMEs.
- Reduced Costs and Time: Leverages DP World’s expertise and Jebel Ali Port’s location to enhance access to key markets.
- Global Reach: Expands export opportunities for micro, small, and medium sectors to the Gulf, West Asia, Africa, and Eurasia.
Strengthening Bilateral Trade:
- Optimistic Leaders: Modi and Mohamed bin Rashid anticipate a significant boost in trade following Bharat Mart’s launch.
- Leveraging Connectivity: Platform’s advantages aim to significantly impact exports to various international markets.
- Building on Agreements: Leaders highlight CEPA and recent investment treaty as milestones in economic ties.
Beyond Business: Humanitarian and Diplomatic Outreach
- Gratitude to Indian Community: Modi’s visit underscores the importance of people-to-people ties.
- Community-Building Initiatives: The Indian community hospital further emphasizes cooperation.
- Regional Partnerships: Meeting with Madagascar President Andry Rajoelina signifies broader regional engagement.
Multilateral Cooperation for Shared Growth:
- Reinforcing Commitments: Leaders reiterate support for initiatives like SAGAR promoting regional security and development.
This rewritten version uses proper subheadings to organize the information logically and highlight key points. It also strengthens the overall readability and emphasizes the significance of Bharat Mart not just for trade but also for regional partnerships and cooperation.
