Dubai Exports to boost ties with India in food sector

DUBAI/ WAM

Dubai Exports, the export promotion agency of Dubai Economy,
received a delegation from India led by Sadhvi Niranjan Jyoti, Minister of State for Food Processing, who was in the UAE as part of the preparations for the ‘World Food India 2017,’ India’s largest event for the food processing and allied sectors, to be held from November 3-5 this year in New Delhi.
The two sides discussed ways to cooperate in the food sector and promote participation of UAE food companies in World Food India 2017.
It was also decided to organise a meeting between representatives of exporting companies from the food industry, including the food processing industry, in the two countries in line with the strategic objective of Dubai Exports to support local industries in leveraging trade and export
opportunities and expand into markets overseas.
Government-level initiatives being implemented on both side to enhance bilateral economic relations and support companies in India, especially exporters, were reviewed during the discussions with the delegation. One notable initiative is the Global Buyer Protection Programme, launched by Dubai Exports in co-operation with the Commercial Compliance and Consumer Protection (CCCP) sector in Dubai Economy to protect the interests of traders who import products from Dubai, particularly during commercial disputes and in tackling obstacles. The programme was launched by the overseas trade office of Dubai Exports in India and will be
expanded worldwide.
Ali Ibrahim, Deputy Director General of Dubai Economy, along with Mohammed Ali Rashed Lootah, CEO of CCCP, and Mohammed Ali Al Kamali, Deputy CEO of Dubai Exports, welcomed the delegation, which included a number of government officials and representatives from the ‘Mega Food Park’ initiative of the Ministry of Food Processing, ‘Invest India’, the foreign investment promotion arm of the Government of India, and various chambers of commerce. “India is among the most strategic markets for Dubai and the UAE in general. The Organization for Economic Co-operation and Development, OECD, estimates economic growth in India to remain at 6.7 percent over the 2015-2019 period.
It’s a vast consumer market comprising states and territories with a diversity of tastes. Consumer spending in India is expected to reach AED13.2 trillion in 2020, according to a report published by the Boston Consulting Group, BCG, in cooperation with the Federation of Indian Industry, FII,” commented Ibrahim.
“GCC exports to India have increased by 49 percent annually over the past decade, the highest growth among the region’s major trading partners. Imports from India have increased by 39 percent while India accounts for 16 percent of the total GCC exports. The Boston Consulting Group estimates that India may become the world’s seventh largest in private wealth, which is predicted to grow 150 percent from AED7.3 trillion in 2013 to AED18.4 trillion by 2018. Such economic
dynamism and diversity of tas-
tes make food a promising
segment of the Indian market,” added Ibrahim.
Al Kamali said the representative office of Dubai Exports in India plays a significant role in the diversification of exports from Dubai to India, as well as in improving awareness about UAE products and services in the Indian market. “The Global Buyer Protection Programme will open up new horizons, and will continue to boost exports out of Dubai not only in India but in its neighbouring markets too. The visit of the Indian delegation will enhance confidence among traders overseas who want to import products and services from the UAE, particularly Dubai.”
Al Kamali added that there have been significant developments in the food and agriculture sectors in India in recent years, which in turn has enhanced opportunities for companies in the UAE and India.
According to the government-established India Brand Equity Foundation, abundant resources and increasing domestic demand enable the Indian food sector to enter into new partnerships. Given the robust bilateral relations existing, UAE exporters can benefit from this new trend, said Al Kamali. Al Kamali also said that Dubai Exports will support the World Food India 2017 through an integrated pavilion for companies and exporters from the UAE. Industry stakeholders are promoting food processing units
and various incentives including low-interest loans are expected, leading to a highly efficient industry infrastructure and export
opportunities.
One of the world’s fastest growing economies and largest food manufacturers, especially in agriculture and dairy, India has a food market that is expected to reach around AED3.4 by 2020, serving a total of 1.3 billion consumers. In addition to achieving a retail trade of over AED1.4 trillion, India exported over AED110 billion worth of processed food
last year, making it one of the world’s leading producers and manufacturers of food.
The launch of the Global Buyer Protection programme in India followed a joint statement issued in 2016 by His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, along with Narendra Modi, Prime Minister of India, to develop a medium and long-term strategy for a 60 percent increase in UAE-India trade in the next five years.
The Global Buyer Protection Programme marks a quantum leap in enhancing business competitiveness and added value
to everyone who imports from Dubai. It will also lead to
improved confidence in Dubai’s economic and business model and encourage buyers to source products from Dubai.

UAE in talks to
facilitate air
transport with India
NEW DELHI / WAM

The UAE is taking the initiative to make travel from India to airports in the Emirates affordable and accessible as the share of Indians in tourism in Dubai and Abu Dhabi reaches record numbers.
Dr Ahmed Abdul Rahman Al-Banna, UAE Ambassador Extraordinary and Plenipotentiary to the Republic of India, has held extensive discussions with India’s Minister of State for Civil Aviation, Jayant Sinha, on augmenting air transport facilities and services between the two countries.
“Both parties agreed to set up a meeting between the General Civil Aviation Authority of the UAE and the Civil Aviation Authority of India to propose a new agreement and policy for the bilateral air services agreement,” according to a statement from the
UAE Embassy in New Delhi after Dr Al-Banna’s meeting with Sinha.
The Ambassador said, “The UAE is willing to add few more flights and routes to connect regional airports in India to those in the UAE that will lead to affordable prices with the required capacity and also needs to focus on an open sky policy that raises the potential for enhancing UAE – India ties.”
It was proposed that talks in this regard should be held on 3rd and 4th October. Dr Al-Banna was accompanied during the talks by Ahmad Alfalahi, who deals with bilateral commercial ties at the embassy, the statement said.