Bharat Mart offers a fantastic opportunity for Indian companies to showcase their products worldwide. Let’s explore this facility and understand how it can help your business reach new international customers.
What is Bharat Mart?
Bharat Mart is a large space located in Dubai’s Jebel Ali Free Zone that gives Indian businesses a dedicated place to introduce goods to global buyers. It has many benefits:
- Facilities: Over 1500 showrooms and 6.5 hectares of warehouse for storage and display of items.
- Location: Situated near Jebel Ali Port and Dubai Airport for easy shipping anywhere.
- Services: Staff help with export formalities so traders can focus on finding customers.
Whether you’re a small startup or big company, Bharat Mart welcomes all. The goal is promoting ‘Make in India’ by leveraging Dubai’s connections worldwide.
Advantages of Dubai’s Port
Dubai has emerged as a significant re-export center due to its ideal location between many continents. Sending products via Dubai provides two main benefits:
- Cost Savings: Transportation through Dubai often costs less than direct exports from India.
- Speed: Goods reach 150+ ports and 300+ airports globally quicker than independent shipments.
This is because Dubai has excellent infrastructure including roads, trucks, modern warehouses for smooth logistics. The widespread network lets Indian firms serve broad international markets efficiently.
Impact of CEPA Trade Agreement
The India-UAE Comprehensive Economic Partnership Agreement or CEPA aims to simplify cross-border trade tremendously. Key effects:
- Tariffs eliminated on over 10,000 products over 10 years to encourage commerce.
- Goal to boost bilateral non-oil trade from $60 billion to $100 billion by 2030.
Sectors like gems, clothing and medicines benefit greatly as shipments facing lower import duties abroad. This makes Indian exports highly competitive globally through Dubai’s gateway.
Sectors of Focus at Bharat Mart
Bharat Mart concentrates on industries where India has expertise and competitive advantages such as:
- Textiles and apparel
- Pharmaceuticals and medical appliances
- Engineering machinery
- Precious metals like gold and diamonds
- Farm items including rice, fruits and spices
The center assists small enterprises comply with global quality standards to export safely worldwide.
Key Considerations for Exporters
For businesses eager to sell through Bharat Mart, here are important factors to keep in mind:
- Research target markets’ demand, tariffs, and find local distributors
- Ensure products meet certification of destination nations
- Avail financing through Exim Bank of India and UAE banks
- Take aid from industry bodies to navigate documentation
- Register online and visit Dubai to explore deals in person
When done right, Bharat Mart opens unprecedented opportunities for Indian brands across borders!
Registration Process
To sign up, companies need to follow some simple steps:
- Go to www.bharatmart.com and click ‘Register’
- Fill registration form with company profile details
- Submit address proofs, owner ID cards and product catalogues
- Pay one-time registration charges online
- Staff will contact you after approval process
Once enrolled, virtual booths and physical stalls can be booked for promotion.
Conclusion
Bharat Mart capitalizes on India-UAE synergies to open new international sales avenues for companies of all scales. With proactive research and compliance, interested Indian exporters can leverage this acclaimed initiative to expand their global footprint and make their brand visible on a worldwide stage.
FAQs
A. Certificate of origin, commercial invoice, packing list, transport papers etc.
A. Dubai offers connectivity through efficient sea and air freight to major Asia, Africa, Europe cities.
A. Yes, Bharat Mart especially assists micro, small and medium firms engage international buyers.
