Bharat Mart, an ambitious project poised to cover over 100,000 square meters, is gearing up to become a dynamic center for commerce in the UAE. This expansive facility, situated in the Jebel Ali Free Zone (JAFZA) and overseen by DP World, promises to offer a versatile space accommodating warehousing, retail, and hospitality services all under one roof.
Anticipated to be a bustling hub for various commercial activities, Bharat Mart aims to cater to a wide array of product categories, from heavy machinery to perishable goods. Plans are also underway to launch a cutting-edge digital platform facilitating easy access to goods for global buyers.
Key to India-UAE Trade Boost
Bharat Mart's emergence is set to inject vigor into India-UAE trade relations, crucially supporting the objectives outlined in the Comprehensive Economic Partnership Agreement (CEPA). With a target to escalate non-petroleum trade between the two nations to $100 billion by 2030, Bharat Mart's strategic positioning in the UAE is poised to play a pivotal role in achieving this ambitious goal.
"The concept is to establish a strategic foothold for trade operations in the UAE. This project takes inspiration from China's successful export hubs," an official shared.
Digital Integration at Bharat Mart
A standout feature of Bharat Mart is its integration of a state-of-the-art digital platform, streamlining transactions for buyers worldwide. This platform will serve as a seamless channel connecting Indian exporters with international buyers, offering a secure and efficient means of procurement.
Significance of Bharat Mart
The inception of Bharat Mart carries profound significance, aligning with the shared objectives of India and the UAE to bolster trade ties. With ambitious targets set under the CEPA, Bharat Mart is poised to emerge as a linchpin in achieving the $100 billion non-petroleum trade milestone by 2030. It stands as a beacon of collaboration and innovation in the realm of international commerce, heralding new opportunities for Indian exporters and global buyers alike.
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