The Dubai Chamber of Commerce and Industry has opened an office in India to identify new business opportunities and attract Indian companies to Dubai, it was announced on Sunday.
The new Mumbai office is the second representative office to be opened by the Dubai Chamber in 2018, bringing its total number of international offices to 10.
Dubai Chamber President and CEO Hamad Buamim noted that the opening of the Mumbai office forms part of a larger strategy to expand is global presence and enhance Dubai’s economic cooperation in India, which remains Dubai’s second largest partner.
“As the world’s sixth largest economy, India is clearly an engine of global growth that offers tremendous business potential and growth prospects,” Buamim said. “Economic reforms and development plans in India are gaining momentum and creating new business opportunities in sectors such as infrastructure, logistics and urban planning which companies in Dubai can surely benefit from.”
A total of 38,238 Indian companies were registered with Dubai Chamber in the first half of 2018, a 38 percent increase from the 27,717 registered in 2015.
Non-oil trade between Dubai and India has risen steadily in recent years, reaching $ 27 billion in 2017. This trade value accounts for 7.6 per cent of Dubai’s total non-oil foreign trade the same year.
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