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Bilateral trade between India and the UAE is expected to be around $100 billion by 2020, up from the $60 billion (approx) in 2015.
According to Gautam Sashittal, Chief Executive Officer, DMCC — an interconnected free zone and a trade and enterprise hub for commodities – over 2500 Indian companies operate in the zone.
“Seven new companies set up shop in our free zone every day and one of that is Indian,” he said.
Sashittal was in the city to promote Dubai as an attractive investment destination for Kolkata corporates and businesses that were looking to tap West Asia, Europe and Africa as export destinations.
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