2023 was a significant year for commerce between India and the UAE, with Jafza, DP World’s flagship economic zone, witnessing an unprecedented 28% year-on-year surge in new companies from India. Now hosting 1,500 of these enterprises in its dynamic trade and logistics hub, Jafza is a cornerstone in nurturing trade relations and highlighting the thriving economic partnership between the two countries.
In March, during the Jafza Roadshow 2024 in Mumbai, Sanjeev Dutta, CEO of UIBC-UC, lent his expertise in a panel discussion focusing on "Navigating Opportunities to Expand Business in the Growing Markets, covering critical themes such as GDP growth in the Middle East, government incentives for industrial development, the attractiveness of the UAE as an investment destination, the India-Middle East-Europe Economic Corridor, strategies for de-risking supply chains, and the role of new technologies in enhancing supply chain efficiencies.
Building on the momentum of the second anniversary of the Comprehensive Economic Partnership Agreement (CEPA), Jafza has played a crucial role not only in boosting the trade volume between India and the UAE but also in establishing initiatives like Bharat Mart. The council, under the patronage of India’s Ministry of External Affairs and UAE Ministry of Foreign Affairs, has pushed for innovation under the agreement.
Our focus remains on leveraging the full potential of CEPA, exploring non-oil trade avenues for collaboration like Jafza, and fostering a conducive environment for businesses to expand and innovate.
