Electrical equipment and appliances, engineering, technology, retail, franchising and healthcare identified as high-potential areas for boosting Dubai’s non-oil trade with India 

Khan: There is tremendous potential to increase Dubai’s trade of pearls and precious stones with India, which stood at $16 billion in 2017 

Dubai, UAE: The Dubai Chamber of Commerce and Industry recently concluded a study mission to India which explored business opportunities within the country’s gems and jewellery sector.

The study mission included visits to Mumbai and Delhi and coincided with the India International Jewellery Show, the largest event of its kind in India, where Dubai Chamber hosted a seminar attended by 120 delegates. The seminar featured presentations from Omar Khan, Dubai Chamber’s Director of International Offices, Mr. Ahmad Alfalahi, Commercial Attache, UAE Embassy in India, and the Dubai Multi Commodities Centre (DMCC), which focused on the advantages of doing business in Dubai.

During the event, Khan noted that pearls and precious stones are the most traded product between Dubai and India, with the total value of bilateral trade in this category amounting to $16 billion in 2017. He explained that Dubai remains a leading trading hub for various types of commodities, such as gold, diamonds, metals and precious stones that are traded through the emirate.

“There is tremendous potential to increase the scope and volume of gems and jewellery trade between Dubai and India. During the study mission, we identified several high-potential areas for boosting and diversifying bilateral non-oil trade, including electric and equipment and appliances, engineering, technology, retail, franchising and healthcare,” said Khan.

He noted that Dubai Chamber recently opened a representative office in Mumbai which serves as a gateway for UAE companies to explore business opportunities in India, and added that the office is focusing its efforts on attracting Indian companies to Dubai.

He encouraged Indian businessmen attending the event to visit Dubai, participate in various trade shows and exhibitions taking place in the emirate throughout the year, and explore prospects for business partnerships with UAE companies.

In addition, Khan and representatives from Dubai Chamber’s India office held several meetings with key public and private sector stakeholders in Mumbai and Delhi, as well as businessmen from Dubai-based companies that operate in India. Discussions focused on strategic plans adopted by various stakeholders and prospects for future cooperation.

-Ends-

About

Established in 1965, the Dubai Chamber of Commerce & Industry is a non-profit public entity, whose mission is to represent, support and protect the interests of the business community in Dubai by creating a favourable business environment, supporting the development of business, and by promoting Dubai as an international business hub.

Follow us on:

www.facebook.com/dubaichamber

www.twitter.com/dubaichamber

http://www.linkedin.com/company/dubai-chamber-of-commerce-&-industry/

www.youtube.com/DubaiChamberTV

www.instagram.com/dubaichamber

For more information, please contact:

Ruba Abdel Halim

Manager, PR & Corporate Communications

Tel: +971 4 2028450

Email: ruba.halim@dubaichamber.com

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.