Dubai Exports helps key Indian suppliers network

Dubai — Dubai Exports, the export promotion agency of the Department of Economic Development in Dubai, hosted a networking session between prominent companies from India and exporters in the UAE, alongside the Gulfood 2015 exhibition.

The meeting, organised through the Dubai Exports representative office in India, was part of linking key suppliers in India to the UAE as a major source market. The networking session was attended by 70 supplier firms from India and Dubai Exports facilitated 90 business-to-business meetings between the two sides during the exhibition.

Mohammed Ali Al Kamali, deputy chief executive officer of Dubai Exports, said: “Dubai Exports and its overseas offices play a pivotal role in supporting local exporters through varied programmes. The International Buyers Programme is one among them and it includes organising missions and platform for buyers and suppliers to connect with exporters in the UAE across hosted meetings.”

Al Kamali said: “India is a strategic market for Dubai and the UAE in general and the Indian economy is projected to grow 6.7 per cent on average during 2015-2019 according to the Organisation for Economic Co-operation and Development. The billion-strong Indian population spread over different states represent a vast and diverse consumer market and consumer spending in the country is expected to hit Dh13 trillion in 2020, according to  a joint report by Boston Consulting Group (BCG) and the Confederation of Indian Industry.”

BCG also estimates that India could become the world’s seventh biggest nation in terms of private wealth, with a 150 per cent increase in total, from Dh7.34 trillion in 2013 to Dh18.3 trillion in 2018. Venture capital investments in India breached the billion dollar mark in 2014.

— business@khaleejtimes.com