India’s ‘Bharat Mart’ coming to Dubai: Here’s what you should know about it
Bharat Mart aims to serve as a centralized platform for Indian exporters to showcase their products
India is taking steps to establish a warehouse facility in the United Arab Emirates (UAE) named ‘Bharat Mart’. This initiative is part of India’s broader ambition to become a significant player in the global supply chain, potentially challenging China’s dominance in this sector. The foundation stone for Bharat Mart was laid by Indian Prime Minister Narendra Modi and UAE Vice President Mohamed bin Rashid al Maktoum.
Bharat Mart aims to serve as a centralized platform for Indian exporters to showcase their products. It seeks to provide a convenient space where various goods can be displayed under one roof. This facility is expected to be fully operational by 2025 and is designed to rival China’s similar initiative called ‘Dragon Mart’.
Located in Dubai’s Jebel Ali free zone, managed by DP World, Bharat Mart will cover a vast area exceeding 100,000 square meters. The facility will comprise retail showrooms, warehouses, offices, and other necessary amenities. It will accommodate a wide range of products, from heavy machinery to perishable items.
In addition to its physical presence, Bharat Mart plans to establish a digital platform. This online platform will enable buyers from around the world to access products and conduct transactions remotely. This digital aspect aims to enhance the reach and accessibility of Indian goods to a global audience.
Bharat Mart is expected to bolster bilateral trade between India and the UAE. Leveraging the strategic location and logistical capabilities of Jebel Ali Port, the facility is poised to facilitate smoother trade operations. Since the implementation of the Comprehensive Economic Partnership Agreement in 2022, India-UAE trade has witnessed significant growth, reaching a record $84.5 billion in 2022-23.
Both countries have ambitious plans to further enhance their trade relationship. They aim to double their non-petroleum trade target to $100 billion by 2030. Bharat Mart is anticipated to contribute significantly to achieving this goal by providing a platform for Indian exporters to tap into new markets.
Bharat Mart is also expected to play a vital role in promoting the exports of India’s micro, small, and medium-sized enterprises (MSMEs). By offering them access to international buyers in regions like West Asia, Africa, and Eurasia, the facility will help these businesses expand their reach and grow their export volumes.
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