Nearly 400 business leaders and industry experts from Mumbai and Hyderabad (India) attended the latest edition of Dubai Multi Commodities Centre’s (DMCC) Made for Trade Live Roadshow in India.

Dubai Multi Commodities Centre (DMCC) is the world’s flagship free zone and Government of Dubai Authority on commodities trade and enterprise.

The companies from the two states gained valuable insights on the ease of doing business in Dubai and the power of partnering with DMCC for business growth, said a statement from the authority.

Both EmiratesNBD and Dubai Tourism (DTCM) joined DMCC to showcase the best Dubai has to offer, it said.

The flagship event allows DMCC to travel the globe and communicate the commercial appeal of Dubai and the opportunities it offers for growth in the region and beyond, it said.

The event was inaugurated by Gautam Sashittal, chief executive officer, DMCC, followed by speeches by Vikash Mittersain, founder and president, India Business Group; and Sharad Agarwal, chief executive officer, Emirates NBD Mumbai India.

A panel discussion focused on “Expanding business in Dubai and beyond” where Sanjeev Dutta, executive director – commodities, DMCC; Shankar Chatterjee, founder chairman and managing director, S Cube Trans Continental Logistics; Captain BVJK Sharma, joint managing director and chief executive officer of JSW Infrastructure Ltd; S Sittarasu, chief executive officer Jawaharal Nehru Port Trust; and Rajnickant Patel, former managing director and chief executive officer, Bombay Stock Exchange, shared their views and experiences.  

Gautam Sashittal, chief executive officer, DMCC, said: “By 2020, it is expected that bilateral trade between the UAE and India will reach $100 billion, almost ten-fold the value it was in the 1970’s.”

“Setting up a company in Dubai is an important step if you want to grow your business, and our roadshows provide an ideal platform to learn more about doing business in our free zone, and unlock further opportunities for trade,” he said.

Sharad Agarwal, chief executive officer, Emirates NBD Mumbai India, said: “We are delighted to work with DMCC to meet the Indian business community as part of its roadshow outreach, helping to showcase Dubai and the opportunity presented with doing business from the world’s leading free zone.” – TradeArabia News Service