Dubai Multi Commodities Centre has crossed a significant milestone, with its Indian business community growing past 4,080 companies after adding more than 330 new firms over the past year.
The 9% expansion cements India's position as DMCC's largest international business community, now accounting for over 15% of its total membership base.
The achievement was revealed during DMCC's Made For Trade Live roadshow, which brought the free zone's leadership to Pune and Mumbai to meet business leaders, investors and entrepreneurs exploring international growth through Dubai. Around 250 attendees took part in discussions on global trade shifts and how Indian companies can use Dubai as a launchpad into fast-growing markets worldwide.
The news arrives against a backdrop of deepening UAE-India economic ties. Since the Comprehensive Economic Partnership Agreement took effect in 2022 bilateral trade has climbed by almost 37%, breaking the USD 100 billion mark for the first time last year. Non-oil trade alone topped USD 65 billion, meeting the original CEPA target five years ahead of schedule. Both nations are now working towards USD 200 billion in bilateral trade by 2032.
Ahmed bin Sulayem, Executive Chairman and CEO of DMCC, described the UAE-India relationship as one of the world's fastest-growing economic partnerships. He noted that Indian businesses span sectors from technology and finance to precious stones, precious metals, maritime services and agri-commodities, increasingly choosing Dubai as their springboard for international expansion.
India continues to be one of DMCC's most strategic markets, with companies active across its specialised trading ecosystems. The Made For Trade Live roadshows remain central to DMCC's strategy of attracting overseas businesses, reinforcing Dubai's appeal as a global trade and investment hub. DMCC itself hosts more than 26,000 member companies and contributes 15% of Dubai's annual foreign direct investment.
News Source: Emirates News Agency
