(MENAFN - Khaleej Times) Dubai Exports (DE), the export promotion agency of the Department of Economic Development (DED), Government of Dubai, formally opened its overseas office in Mumbai as part of enhancing its overseas support in key markets capable of reinforcing Dubai's position as an export and re-export centre
The DE office in India will significantly enhance the visibility of goods and services from Dubai and provide vital on-the-ground services to small and medium-sized firms in their pursuit of overseas markets. The new office will work in co-ordination with the representative office of the Department of Tourism and Commerce Marketing (DTCM) in Mumbai
"India is the leading trade partner of Dubai and our total bilateral trade during the first nine months of 2013 was worth over Dh111 billion. Dubai Exports opening its office in Mumbai is a milestone by all means as it marks a consolidated move by government agencies to optimise opportunities in a strategic market," said Sami Al Qamzi, director general of DED
"Dubai Exports being present in India will reinforce Dubai's position as an export and re-export hub for Indian companies and we anticipate a five to 10 per cent growth in bilateral trade as a direct result of the office. It will also underline the significance of the Dubai Overseas Promotion Policy, which seeks co-ordinated efforts by Dubai Government entities in foreign markets," Al Qamzi added
Helal Saeed Almarri, director general of DTCM, said: "India is an important market for DTCM, being consistent one of our top 10 source markets for visitors to Dubai, with latest figures positioning it as second. The 14 per cent year on year growth in visitor numbers for the first three quarters of 2013 demonstrates the high growth potential which will come from both leisure and business travellers.
"Dubai has the right infrastructure and diversity of businesses as well as both government and government-related entities well-versed in promoting its trade capabilities globally. Indian firms being key players in Dubai's export and re-export sector our joint presence in Mumbai is a major step forward. It will enable Dubai companies to extend their growing export capabilities to the fast-growing South Asian markets," said Engineer Saad Al Awadi, Chief Executive Officer of Dubai Export
Ibrahim Mohammed Al Janahi, Deputy CEO and Chief Commercial Officer Jafza, said: "Dubai Exports plays a vital role in enhancing Dubai's trade with the world. The timely move by Dubai Exports in opening an office in India, our largest trading partner, would undoubtedly enhance this role, and provide the much-needed support to local firms looking to expand their reach.
In 2012, goods worth over Dh32 billion were exported to India from Dubai while re-exports crossed Dh50 billion. Exports and re-exports to India recorded during the first nine months of 2013 were valued at Dh24 billion and Dh31 billion respectively. Pearls, precious metals and stones, copper, iron and steel, plastics and aluminium are some of the top commodities exported to India through Dubai.