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UAE’s DP World launches India-UAE Bridge to attract further investments

UAE’s DP World launches India-UAE Bridge to attract further investments
The initiative will also serve talented Indians as a platform for sharing their ideas

UAE – Mubasher: DP World UAE Region on Wednesday announced it has launched “The India-UAE Bridge”, a major initiative aiming to lure further Indian trade and investments to Jebel Ali Port and Jebel Ali Free Zone (Jafza) by offering end-to-end (e2e) solutions to companies and entrepreneurs.

The India-UAE Bridge” event was organised by DP World UAE Region, Jafza, and the Indian Business & Professional Council (IBPC) on 30 June, according to a press release.

Under the initiative, the provided e2e solutions will back investors through value propositions such as the integration of DP World’s assets in the UAE and India, easing access to markets beyond the company’s network connectivity and global portfolio.

The initiative will also serve talented Indians as a platform in which they can share their ideas and businesses to markets, the Dubai-based ports operator noted. 

The event was attended by the ambassador of India to UAE Navdeep Suri, CEO and managing director of DP World UAE Region and CEO of Jafza Mohammed Al Muallem, and president of the executive committee at IBPC Nimish Makvana, in addition to DP World officials and Indian business leaders.

Navdeep Suri said: “The India-UAE Bridge is a win-win for both sides. India is now the fifth largest economy in the world and one of the fastest growing major economies. During the current year, India is expected to add almost $200 billion to global economic growth.”

“DP World already has substantial investments in India and Indian companies account for a large share of total investments into Jafza. With their advanced infrastructure and logistics capabilities, DP World and Jafza are ideally positioned to become key partners in India's growth story,” Suri added. 

Governments of the two countries predict this strategic relationship to boost bilateral trade expectancy to exceed $100 billion by 2020.

For his part, Mohammed Al Muallem said: “Under The India-UAE Bridge, synergies between DP World, UAE Region and India and the ports and logistics capabilities in both the countries, we will be able to offer integrated supply chain solutions to businesses through our unique end-to-end solutions.”

Both governments seek to ease trade integration capabilities of global trade enabler DP World’s portfolio of over 150 operations in over 40 countries across six continents through the India-UAE Bridge.