Dubai Multi Commodities Centre (DMCC) has entered into a partnership with Indian business services firm PP Shah and Associates in order 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.
According to the statement, “Leveraging DMCC’s strong 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.”
Ahmed Bin Sulayem Executive Chairman & CEO DMCC
“Bilateral trade between UAE and India has reached historical levels, increasing by 14 percent to hit $76.9 billion in the 11 months after the implementation of CEPA. 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.”
DMCC’s representative office in Mumbai is led by industry veteran Mr. 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.
PP Shah and Associates said that, “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.”
