PM Modi and UAE Vice President Sheikh Mohamed bin Rashid Al Maktoum virtually inaugurated Bharat Mart at the Jebel Ali Free Trade Zone in Dubai. DP World is constructing the Bharat Mart project.
Established with an aim to enhance India-UAE ties, Bharat Mart is anticipated to revolutionise trade relations by capitalising on Jebel Ali Port’s strategic location and logistical capabilities.
India’s exports could be greatly increased by this project, especially those from micro, small, and medium-sized enterprises. Bharat Mart wants to strengthen India’s position in the international market by giving it a platform to interact with customers from other countries. These nations include the Gulf countries, West Asia, Africa, and Eurasia.
PM Modi highlighted Bharat Mart’s pivotal role in enabling exports from India’s smaller sectors, predicting that it will serve as a portal to global markets on multiple continents.
The unveiling ceremony strengthens India’s and the UAE’s bilateral ties and marks a significant turning point in their long-term economic partnership.
The opening of the Bharat Mart is expected to promote cooperation and economic expansion. Additionally, it signifies both nations’s common goal of achieving inclusive development through strong commercial ties.
