DMCC in strategic deal to boost India trade ties

DMCC, a leading flagship free zone and Government of Dubai Authority on commodities trade and enterprise, has signed a MoU with the industrial development body of the government of Indian state of West Bengal, in bid to boost UAE-India trade through Dubai.

 

With over 15,000 member companies in its Free Zone, DMCC has a track-record providing attractive business solutions in a regulated, business friendly environment, including its much anticipated Uptown Dubai district.

 

Every single working day. an Indian company joins DMCC and its list now boasts top firms including Tata Group, Reliance, Hakan Agro, Rosy Blue and Adani Group.

 

This MoU will further cement the strong bilateral trade relations between DMCC and a rapidly growing Indian business community, remarked Feryal Ahmadi, the chief operating officer of DMCC, after signing the deal with Vandana Yadav, the managing director of WBIDC at the 5th Bengal Global Business Summit in Kolkata, India. 

 

Representatives of both Embassy of the UAE in India and Dubai Chamber of Commerce and Industry attended the ceremony in support of DMCC.

 

"As we deepen our already strong partnership with the business community in India, DMCC takes pride in collaborating with WBIDC, and the state of West Bengal, to seek new ways to attract, facilitate and promote trade," stated Ahmadi. 

 

"As



a result of our relationship with WBIDC, the initiatives outlined in this MoU serve as a launch pad for Indian businesses looking to grow in Dubai and beyond," she added.

 

Ahmad Alfalahi, the Commercial Attache for the UAE Embassy - India, said: "India is the UAE’s second largest trading partner by volume. Both countries are making a concerted effort to strengthen commercial ties, create an environment that is even more welcoming to investment, removes unnecessary bureaucracy and opens the door trade."

 

"By signing this MoU, we are delighted that DMCC and State of Bengal are clearly embracing this approach and one that will only serve to benefit both countries," stated Alfalahi.

 

The MoU commits both parties to raise awareness around export promotion, facilitate trade, boost investment interaction and connect businesses from across geographies, sectors and industries, he added.

 

On the deal, Yadav said: "There is a strong synergy between Dubai and the state of West Bengal. Looking ahead, there is a signficant opportunity to strengthen ties, collaborate further and work even closer together to boost business activity and knowledge transfer."

 

"DMCC is a strong partner, and will help Dubai, India and West Bengal do precisely that. We look forward to working with the world’s leading Free Zone and meet the ambitious targets outlined in our MoU," she added.