DMCC records 7% growth in Indian companies

The Dubai Multi Commodities Centre (DMCC) announced Indian companies now account for 16 per cent of the international business district’s total member base, a 7 per cent year-on-year increase.

Over the last 12 months, 260 Indian companies joined, recording a 7% year-on-year growth, and bringing the district to nearly 4,000 businesses in total.

With bilateral UAE-India trade reaching over $85 billion in 2024, DMCC highlighted the significant impact of deepening relations on the regional trade landscape that has been catalysed by the Comprehensive Economic Partnership Agreement (CEPA) signed in 2022.

DMCC called on Indian businesses to leverage the momentum brought by the CEPA as it sought to attract the next wave of Indian companies to Dubai.

The two events convened business leaders, government officials, and industry stakeholders to explore trade and investment opportunities through DMCC, showcasing Dubai as a strategic platform for Indian businesses seeking global expansion.

Ahmed Bin Sulayem, Executive Chairman and Chief Executive Officer, DMCC, said, “The UAE-India relationship is entering a defining new phase, underscored by the recent historic visit of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence, to India. With bilateral trade now exceeding $85 billion, this next chapter will be defined by rapid expansion across strategic sectors – including investment, services, infrastructure, technology and food security – as we build out a new model for inter-regional collaboration and commercial opportunities."

Held in partnership with the Confederation of Indian Industry and the Federation of Telangana Chambers of Commerce and Industry, the events highlighted the potential for Indian businesses to simplify their operations and supply chains, and tap into some of the world’s fastest growing markets.

This latest visit to India forms part of DMCC’s global Made For Trade Live roadshow programme, in which it visits key markets across the world that present opportunities for deeper collaboration.

With over 25,000 member companies and contributing 15 percent to Dubai’s annual FDI, DMCC is one of the most important business hubs for international growth and cross-sector innovation.