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