Understanding Bharat Mart.
Understanding Bharat Mart.
India’s trade ambitions just got a major boost with the proposed “Bharat Mart” in the United Arab Emirates. This ambitious project, envisioned as a one-stop shop for Indian exports, mirrors China’s successful Dragon Mart and promises to revolutionize how Indian businesses reach global markets.
Why Bharat Mart is a game-changer?
l Unified platform: Imagine a sprawling 100,000 square meter complex housing everything from retail showrooms to warehouses, showcasing Indian products in all their glory. Bharat Mart offers a single destination for international buyers, eliminating the need to scramble through multiple vendors.
l Strategic location: Nestled in Dubai’s Jebel Ali Free Zone, Bharat Mart taps into the UAE’s logistical prowess and acts as a gateway to the Middle East, Africa, and Europe – markets teeming with potential for Indian exporters.
l Efficiency and cost savings: Time and money saved, that’s Bharat Mart’s promise. By streamlining logistics and consolidating operations, Indian businesses can cut down on transportation costs and reach buyers faster.
l Digital edge: Bharat Mart envisions a digital platform alongside the physical facility, allowing global buyers to browse and purchase Indian goods at their fingertips. This omnichannel approach caters to modern buying habits and expands reach even further.
l India-UAE synergy: As part of the ambitious CEPA agreement, India and the UAE aim to double non-oil trade to $100 billion by 2030. Bharat Mart is a powerful tool to achieve this goal, boosting Indian exports and strengthening economic ties.
Beyond the benefits, there are exciting possibilities:
l Brand showcase: Bharat Mart can become a brand recognition hub for Indian companies, enabling them to establish themselves in new markets.
l Job creation: This initiative has the potential to generate employment opportunities in both India and the UAE, benefiting both economies.
l Innovation boost: The sheer scale and focus on efficiency can inspire further innovation in India’s export sector.
While still in its developmental stage, Bharat Mart holds immense promise for businesses in India and in the UAE. It’s a bold step towards claiming a larger share of the global market and a testament to India’s growing ambitions. From perishables to heavy machinery, get ready to see “Made in India” proudly displayed on a global stage.
The Bharat Mart will be a significant step forward in the bilateral trade ties of the nations. And manufacturers and exporters in the UAE and India alike can benefit from access to a bigger and more diversified market, profitable strategic partnerships, and sharing of tech initiatives and innovations. A future focused organization like Moglix with its tech led B2B supply chain ecosystem can play a pivotal
role in welcoming India and the UAE to the next phase of growth. To know more about how Moglix can augment and optimize the procurement process, click here
Dubai’s Pioneering Journey Towards 100% Water Utilization
Dubai’s Pioneering Journey Towards 100% Water Utilization
Dubai, the vibrant metropolis of the UAE, is renowned for its opulence and innovation. In recent years, the city has embarked on a remarkable journey toward achieving 100% water consumption, aligning with its role as the host of COP28, its commitment to sustainable practices, SDG goals, and global leadership.
The Uniqueness of Dubai’s Water Challenge
Dubai’s water management challenges are as unique as the city itself. Nestled in a desert climate characterized by scorching heat and limited freshwater sources, Dubai has had to employ innovative water sustainability strategies. The city’s rapid urbanization and population growth have put significant stress on these water resources, making water efficiency a paramount concern. The exacerbation of these problems due to rising global temperatures, a consequence of climate change, adds to the complexity.
The Dubai Way: Recycling and Desalination
Dubai’s ambitious goal of achieving 100% water utilization hinges on two primary methods: recycling and desalination.
Wastewater Recycling: Dubai Municipality has introduced cutting-edge wastewater treatment plants that adhere to rigorous quality standards. This purified water, known as “gray water,” finds application in irrigation, cooling, and industrial processes. This strategy not only conserves precious freshwater but also reduces the environmental impact associated with wastewater discharge.
Desalination: Recognizing the pressing need for freshwater in this arid region, Dubai has made substantial investments in desalination technology. The city boasts some of the world’s largest desalination plants, which efficiently convert saltwater into freshwater. The Dubai Way optimizes desalination processes to minimize energy consumption and environmental consequences.
The Evolution of Water Reclamation
Dubai’s journey towards water reclamation began in the late 1960s, marking a pivotal turning point in the city’s sustainable growth. In 1969, the Dubai Municipality established the first wastewater treatment plant in Al Khawaneej. The rapid urbanization of Dubai necessitated an expanded wastewater treatment and reclaimed water capacity, leading to the inauguration of the Warsan plant in 1981. By 2006, Jebel Ali further expanded Dubai’s water recycling capacity to meet the burgeoning demand for reclaimed water, bolstering water conservation efforts.
The Future of Dubai’s Water Management
Dubai’s water management objectives closely align with the goals of COP28 and the UN’s Sustainable Development Goals (SDGs). As the host of COP28, Dubai seeks to serve as a global exemplar of sustainable practices. The city is determined to make its water consumption sustainable and reduce its overall water footprint. This is being achieved through:
Innovation: Dubai is actively funding research in water purification and desalination energy efficiency. The city leverages modern technology and intelligent systems for the monitoring and regulation of water usage.
Public Awareness: Dubai Municipality vigorously promotes water conservation among its residents and businesses. Awareness campaigns and incentives play a crucial role in encouraging people and enterprises to adopt water-saving practices.
Sustainable Cities: Dubai is pioneering sustainable urban development in the region. Projects like Masdar City and Sustainable City Dubai exemplify water-sustainable, energy-efficient, and environmentally friendly urban living.
Dubai’s ambitious quest for 100% water utilization sets a remarkable example of sustainability and innovation. The city has harnessed the power of recycling and desalination to secure its water future, overcoming distinctive challenges. By hosting COP28 and adhering to the principles of the SDGs, Dubai showcases its unwavering commitment to the global community. The city’s ultimate aspiration is to eradicate water scarcity and construct sustainable desert communities by embracing the Dubai Way.
Moglix in the UAE is working in this space to ensure organisations (private and public)their sustainability goals are aligned with their procurement goals. Moglix is the most comprehensive procurement solution in the UAE, that combines E catalog based buying experience, digital procurement and supply chain solution with a physical warehouse and logistics network, allowing you a complete and most comprehensive E2E procurement and supply chain solution. Reach Us
Indian MSMEs Fueling Dubai’s Economic Diversification
Indian MSMEs Fueling Dubai’s Economic Diversification
Dubai’s reputation as the “Gateway to the Middle East” has long been established, drawing businesses from around the globe seeking to tap into the region’s lucrative markets. Among these, Indian MSMEs have gravitated towards Dubai’s business-friendly ecosystem, strategic location, and supportive regulatory environment. As of 2022, over 83,000 Indian companies have registered in Dubai, signaling its growing appeal to Indian entrepreneurs.
Rising Employment Opportunities in Dubai: A Boon for the Workforce
The expansion of Indian MSMEs in Dubai has created new jobs in various sectors, such as manufacturing, retail, and hospitality. Indian firms and NRI-owned entities have created over 1 million jobs in the UAE, providing local employment opportunities. These businesses have been hiring local talent and providing employment opportunities for Dubai’s growing population. This has helped to boost the Emirate’s economy by reducing unemployment rates and increasing consumer spending. Indian MSMEs’ success in Dubai may inspire more Indian businesses to look into doing business in the UAE and other Gulf nations. For Indian SMEs, this may result in more export options, enabling them to grow their clientele and their earnings. Additionally, Indian businesses may be able to use the UAE’s strategic location as a point of entry to other Middle Eastern and African markets.
Beyond Oil and Gas: A Tale of Economic Diversification
Dubai has traditionally relied on its oil and gas industry as a primary source of revenue. However, the emirate has been working towards diversifying its economy and reducing its dependence on these resources. The expansion of Indian MSMEs has helped to achieve this goal by introducing new industries and business sectors in the emirate. This has helped to make the economy more resilient and less vulnerable to fluctuations in global oil prices.
The Power of Collaboration: Boosting Business Growth
Indian MSMEs expanding their global presence in Dubai also foster business collaborations with local companies. This has helped to create new business opportunities, increase trade relations, and improve the competitiveness of Dubai’s businesses in international markets. Collaboration between Indian MSMEs and local companies has also led to knowledge sharing, transfer of expertise, and development of new products and services.
Knowledge is Power: The Benefits of a Knowledge-Driven Economy.
The expansion of Indian MSMEs in Dubai also contributes to developing a knowledge-based economy in Dubai. For example, the new India-UAE Start-Up Corridor targets 50 tech start-ups from India and UAE, aiming to foster 10 into unicorns by 2025.
Indian businesses are known for their expertise in the IT, healthcare, and education sectors. Their presence in Dubai contributes to developing new knowledge-intensive industries like research and development, consulting, and data analytics.
Bridges to the Future: Infrastructure Development for a Better Tomorrow.
To attract and retain businesses, Dubai needs to have world-class infrastructure in place. The expansion of Indian MSMEs has spured investment in infrastructure development, such as transport, logistics, and telecommunications. This improves connectivity and makes Dubai an even more attractive location for businesses.
Indian MSMEs and Dubai: A Partnership for Mutual Growth and Success
Dubai has emerged as a significant player in diverse sectors such as tourism, logistics, finance, and technology, thanks to favorable government policies and initiatives to attract foreign investment, promote entrepreneurship, and foster innovation. As the emirate continues to evolve as a global business hub, the partnership between Indian MSMEs and Dubai is poised to be a vital one, driving mutual growth and success.
We at Moglix have been working with MSMEs in the UAE and India to enable them a greater market to play in and explore new opportunities.Know more.
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