UAE: PM Modi Lays Foundation Stone Of 'Bharat Mart', India's Answer To China's Dragon Mart, In Dubai; Here's All About It

Prime Minister Narendra Modi and UAE Vice President Sheikh Mohamed bin Rashid Al Maktoum on Wednesday (14 February) virtually laid the foundation stone of 'Bharat Mart' in Dubai. in Dubai.

The facility, to be built at Jebel Ali Free Trade Zone by DP World, would provide Indian exporters with a unified platform to display their products, mirroring the functionality of China's Dragon Mart.

Also Read: Tesla Plans Solar Panel Manufacturing In India Amid Government's Rs 75,000 Crore Push: Report

PM Modi and the UAE Vice President expressed confidence that Bharat Mart will propel India-UAE bilateral trade further by leveraging Jebel Ali Port’s strategic location and strength in logistics.

Prime Minister said that Bharat Mart has the potential to play an important role in promoting exports of the micro, small and medium sectors of India by providing them an effective platform to reach out to international buyers in the Gulf, West Asia, Africa, and Eurasia, the PMO said in a statement.

Bharat Mart is projected to cover over 100,000 square meters, serving as a multipurpose facility that combines warehouse, retail, and hospitality spaces.

Bharat Mart will encompass retail showrooms, warehouses, offices, and ancillary facilities, and will be designed to house a diverse range of goods, from perishable items to heavy machinery.

Further, a digital platform could also be set up for buyers across the world to procure goods from the facility.

Also Read: Modi Demands Global Protocols For AI, Cryptocurrency And Cybercrime: Here Are 14 Highlights From PM's Speech In Dubai