The Dubai Multi Commodities Centre (DMCC) has announced that Indian companies now make up 16 percent of its total member base, reflecting a 7 percent growth year-on-year. In the past year, 260 Indian companies have joined DMCC, bringing the total number of businesses in the international business district to nearly 4 000.

Credit: ARN News Centre

With bilateral trade between the UAE and India surpassing $85 billion in 2024, DMCC emphasized the positive effects of enhanced relations on the regional trade landscape. This progress has been significantly influenced by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022, which DMCC encourages Indian businesses to utilize for further expansion into Dubai.

To explore trade and investment opportunities, DMCC hosted two events that brought together business leaders, government officials, and industry stakeholders. These gatherings aimed to showcase Dubai as a strategic platform for Indian businesses looking to expand globally.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer of DMCC, stated that the UAE-India relationship is entering a significant new phase, especially following the historic visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai. He noted that the rising bilateral trade, now exceeding $85 billion, will lead to rapid growth across several key sectors, including investment, services, infrastructure, technology, and food security.

The events, organized in collaboration with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry, highlighted the opportunity for Indian businesses to streamline their operations and supply chains while accessing some of the fastest-growing markets in the world.

This recent visit to India is part of DMCC’s global Made For Trade Live roadshow, which aims to connect with key markets worldwide to foster deeper collaboration. With over 25,000 member companies, DMCC plays a vital role in contributing 15 percent to Dubai’s annual foreign direct investment, making it a crucial hub for international growth and cross-sector innovation.