Bharat Mart in UAE: How will it help India?

Similar to China’s ‘Dragon Mart’, UAE is all set to welcome a warehouse facility for Indian MSMEs to trade in Dubai span an area exceeding 100,000 square meters. The complex is to be set up in Jebel Ali Free Zone (JAFZA), a DP World company. 

Prime Minister Narendra Modi will inaugurate the facility during his current UAE visit. While Bharat Mart in UAE is still under development and expected to be operational by 2025, it has the potential to help India in several ways:

Boosting Exports:

Centralized Platform: Bharat Mart will provide a unified platform for Indian exporters to showcase their products to buyers in the Middle East, Africa, and Central Asia. This concentrated presence can attract more buyers and facilitate bulk orders.

Reduced Costs: By consolidating warehousing and showroom space, Indian businesses can save on logistics and operational costs. Additionally, the free zone location offers benefits like dual-license establishment and on-site customs support, further streamlining trade.

Increased Reach: The UAE's strategic location and strong trade infrastructure will connect Indian exporters to a wider range of potential customers, opening up new markets and opportunities.

Promoting Indian Products:

Brand Awareness: Having a dedicated space showcasing the diversity and quality of Indian products can enhance brand awareness and reputation in the region. This can lead to increased demand for Indian goods in the long run.

Enhanced Visibility: Participation in Bharat Mart can offer Indian businesses greater visibility compared to individual companies trying to penetrate the market alone. This collective brand building can attract more attention and interest.

Strengthening Trade Relations: The presence of Bharat Mart in the UAE strengthens India's trade relationship with the region. This can foster collaboration, knowledge sharing, and potential joint ventures in various sectors.

Overall Economic Benefits:

Job Creation: Increased exports and business activity can lead to job creation in India, both in manufacturing and export-related sectors.

Foreign Investment: The success of Bharat Mart can attract foreign investments to India, boosting the economy and creating further growth opportunities.

Economic Growth: Increased exports and foreign investment can contribute to India's overall economic growth and development.

It is important to note that Bharat Mart is still in its early stages, and its actual impact on India will depend on its successful implementation and execution.