Dubai Multi Commodities Centre (DMCC) has announced that over 260 Indian companies joined its international business district in the past 12 months. This brings the total number of businesses operating from its international business district to just shy of 4,000. The announcement was made during DMCC’s roadshow in India this week, which featured two major forums in the business hubs of Mumbai and Hyderabad. With a year-on-year increase of 7 percent, Indian businesses now account for 16 percent of DMCC’s total member base, Dubai Media Office reported.
Bilateral UAE-India trade surges
Moreover, with bilateral UAE-India trade reaching over $85 billion in 2024, DMCC highlighted the significant impact of deepening relations on the regional trade landscape catalyzed by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022. DMCC called on Indian businesses to leverage the momentum brought by the CEPA as it seeks to attract the next wave of Indian companies to Dubai.
The two events further convened business leaders, government officials, and industry stakeholders to explore trade and investment opportunities through DMCC, showcasing Dubai as a strategic platform for Indian businesses seeking global expansion.
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Strategic sectors driving future expansion
Ahmed Bin Sulayem, executive chairman and chief executive officer of DMCC, stated: “The UAE-India relationship is entering a defining new phase, underscored by the recent historic visit of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, to India. With bilateral trade now exceeding $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 further added: “This momentum is firmly mirrored at DMCC, with over 260 new Indian companies joining our district in the past 12 months – a 7 percent year-on-year increase – bringing our total to nearly 4,000. As our trade partnership deepens, we will continue to expand the value offering of our ecosystems aligned to India’s strengths in physical commodities, high-value services, and next-gen technologies, reinforcing DMCC’s status as the hub of choice for the Indian business community in Dubai.”
Held in partnership with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry, the events highlighted the potential for Indian businesses to simplify their operations and supply chains, tapping into some of the world’s fastest-growing markets.
This latest visit to India is part of DMCC’s global Made For Trade Live roadshow program, which visits key markets across the world that present opportunities for deeper collaboration. With over 25,000 member companies and contributing 15 percent to Dubai’s annual FDI, DMCC remains one of the most important business hubs for international growth and cross-sector innovation.
