DMCC, a premier free zone and a Government of Dubai entity focused on commodities trade and enterprise, welcomed 160 new Indian businesses in the previous year, according to its chairman, Ahmed Bin Sulayem. He shared this update during the announcement of the free zone's renewed efforts to attract more Indian enterprises to Dubai, following the successful Made for Trade Live roadshow in New Delhi and Mumbai. Aiming to enhance the $85 billion non-oil trade relationship between the UAE and India, DMCC emphasized how its district and infrastructure serve as a strategic platform for Indian firms to expand globally and capitalize on growth prospects. The UAE's trade with India has seen a significant boost, growing by 16% in 2023 post the implementation of the Comprehensive Economic Partnership Agreement (CEPA). This growth is mirrored in DMCC's expanding Indian company base, now at 3,888, representing 16% of its 24,000 members. Bin Sulayem stated, 'The UAE-India CEPA has removed duties on 90% of India’s exports, including gems, jewelry, food, and energy, leading to a surge in trade and investment, with over 160 new Indian companies joining DMCC last year, adding to the nearly 3,900 Indian firms in our district. With bilateral trade expected to exceed $100 billion in the next five years, the UAE-India trade corridor is not only enhancing regional trade but also generating substantial new business opportunities. We are dedicated to leveraging this potential and providing a conducive environment for Indian businesses to access global markets from Dubai.' The roadshow involved senior DMCC executives engaging with over 200 Indian government officials and business leaders across various sectors, discussing Dubai’s business-friendly environment, its role as a global trade hub, and the advantages of setting up operations at DMCC. India and the broader South Asia region are strategically significant for DMCC, especially in sectors like technology, precious stones, and agriculture. Last year, DMCC forged several partnerships with South Asian entities, including an agreement with the Bharat Subcontinent Agri Foundation to boost the global agricultural commodities sector. During the India roadshow, DMCC also unveiled its representative office in Mumbai, a significant step in providing dedicated international expansion support for Indian businesses in their home market. DMCC’s roadshow series plays a crucial role in showcasing Dubai as a top business destination, highlighting its unique value proposition for attracting foreign direct investment (FDI). Notably, DMCC accounts for 11% of Dubai’s annual FDI inflows, and in 2023, it recorded its second-best year, attracting nearly 2,700 new companies, bringing the total to over 24,000 businesses worldwide.