DMCC opens representative office in Mumbai to bolster UAE-India relations

Dubai Multi Commodities Centre (DMCC) – the freezone and Government of Dubai Authority on commodities trade and enterprise – has announced its partnership with business services firm PP Shah and Associates to open a representative office in Mumbai, India.

Through the new office, DMCC aims to boost the relationship between the UAE and India in support of the UAE-India Comprehensive Economic Partnership Agreement (CEPA) signed last year.

Leveraging DMCC’s regulatory framework and reputation within Indian business circles, the representative office will provide a one-stop solution for Indian businesses looking to expand through Dubai and help them establish a presence in DMCC.

The announcement took place during the Made For Trade Live trade roadshow held in India last week. Held in partnership with the Federation of Indian Chambers of Commerce & Industry (FICCI), the roadshow saw senior DMCC executives address 500 Indian government bodies and business leaders from a range of sectors.

Ahmed Bin Sulayem, executive chairman and chief executive officer, DMCC, said: “Bilateral trade between UAE and India has reached historical levels, increasing by 14 per cent to hit $76.9bn in the 11 months after the implementation of CEPA.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, @DMCCAuthority: Opening a representative office in Mumbai is the next pivotal step in this relationship’s evolution, demonstrating our deep commitment to business in India and across the subcontinent. #Dubai pic.twitter.com/KaYo4Zy4mC

— Dubai Media Office (@DXBMediaOffice) May 15, 2023

With over 3,700 Indian businesses in our free zone, DMCC has been fundamental in facilitating bilateral trade and investment between the UAE and India.

Opening a representative office in Mumbai is the next pivotal step in this relationship’s evolution, demonstrating our deep commitment to business in India and across the subcontinent.”

PP Shah and Associates, said: “Through this partnership with DMCC, we will bridge the gap between our nations and further support the success of Indian businesses.

DMCC offers a unique ecosystem that provides confidence through strong regulations and frameworks, cost benefits through competitive office spaces, and a range of facilities and services that increase the ease of doing business for Indian entrepreneurs and large companies alike.

We look forward to facilitating the international expansion of a greater number of Indian businesses through this promotional Initiative, in turn helping them thrive in Dubai.”

.@DMCCAuthority announces representative office in Mumbai during trade roadshow to boost #UAE-India relations. https://t.co/az8uC0Xv0k #Dubai pic.twitter.com/VjSgJASS4l

— Dubai Media Office (@DXBMediaOffice) May 15, 2023

DMCC’s representative office in Mumbai, India, is led by industry veteran Siddharth Shah, a graduate of IIT-Bombay and Wharton Business School with 15 years of banking and consulting experience. The office will handle all regulatory, compliance and company registration solutions and will provide exclusively curated license packages for Indian businesses.

Also read: Air India increases frequency to Dubai from Mumbai, Delhi