DMCC Reports 7% Year-on-Year Growth In Indian Companies Operating In Dubai

DMCC, a prominent international business district in Dubai, revealed that more than 260 Indian companies have joined its ranks over the past year. This brings the total number of Indian businesses operating there to nearly 4,000. The announcement was made during DMCC's roadshow in India, which included forums in Mumbai and Hyderabad. Indian companies now make up 16% of DMCC's membership, marking a 7% increase from the previous year.

The UAE-India trade relationship has reached over US$85 billion in 2024, significantly influenced by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022. DMCC is encouraging Indian businesses to capitalise on this momentum to expand their presence in Dubai. The roadshow events gathered business leaders and officials to discuss trade and investment opportunities through DMCC, positioning Dubai as a strategic hub for Indian companies aiming for global growth.

Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC, highlighted the evolving UAE-India relationship. He noted that this partnership is entering a new phase following the historic visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum to India. "With bilateral trade now exceeding US$85 billion, this next chapter will be defined by rapid expansion across strategic sectors – including investment, services, infrastructure, technology and food security – as we build out a new model for inter-regional collaboration and commercial opportunities," he stated.

Bin Sulayem also emphasised DMCC's commitment to enhancing its ecosystem to align with India's strengths in commodities, services, and technologies. He said this would reinforce DMCC's position as the preferred hub for Indian businesses in Dubai. The events were organised with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry.

The forums showcased how Indian businesses can streamline operations and access rapidly growing markets through DMCC. This initiative is part of DMCC’s Made For Trade Live roadshow programme, which explores collaboration opportunities worldwide. With over 25,000 member companies contributing 15% to Dubai’s annual FDI, DMCC remains crucial for international business expansion and innovation across sectors.

This latest engagement with India underscores DMCC's role in facilitating cross-border trade and investment. By fostering deeper ties with Indian enterprises, DMCC aims to drive further economic growth and diversification within Dubai's business landscape.

With inputs from WAM