Jafza Drives 28% Surge in Indian Companies and Launches Bharat Mart for Global Market Access

UAE, 12 March, 2024 :  Jebel Ali Free Zone (Jafza) saw a significant 28% increase in new Indian companies in 2023, totaling over 1,500 Indian firms. Bharat Mart, launching in 2026, aims to support Indian businesses in accessing markets across regions.

The Comprehensive Economic Partnership Agreement (CEPA) eliminated tariffs for Indian traders, leading to a US$50.5 billion bilateral non-oil trade between the UAE and India in its first year, with a 5.8% annual increase and a goal to reach $100 billion by 2030.

DP World's India-UAE Trade Bridge initiative, launched in 2019, streamlines shipping between the nations. Despite trade challenges, collaborative efforts have driven significant growth. Jafza continues to empower Indian businesses and foster a robust trade ecosystem.

With over 10,000 companies from 130 countries, Jafza serves as a vital trade hub, with 87% of the UAE’s non-oil trade with India passing through Dubai. The Agri Terminals facility, set to become Dubai's largest grain processing hub, will further support Indian companies and regional agricultural needs.

Source : www.zawya.com