KHALEEJ TIMES, Sunday, Feb 10, 2019 | Jamadi Al Thani 5, 1440
DMCC, West Bengal body sign trade agreement
The Dubai Multi Commodities Centre (DMCC) signed a memorandum of
understandingwith West Bengal Industrial Development Corporation (WBIDC) from
the Indian state.
DMCC chief operating officer Feryal
Ahmadi and WBIDC managing director Vandana Yadav signed the MoU at the fifth
Bengal Global Business Summit in Kolkata, further cementing the strong bilateral
trade relations between the DMCC and a rapidly-growing Indian business
"As we deepen our already strong
partnership with the business community in India, the DMCC takes pride in
collaborating with WBIDC, and the state of West Bengal, to seek new ways to
attract, facilitate and promote trade," said Ahmadi.
"As a result of our relationship with
WBIDC, the initiatives outlined in this MoU serve as a launch pad for Indian
businesses looking to grow in Dubai and beyond," Ahmadi added.
"India is the UAE's second-largest
trading partner by volume. Both countries are making a concerted effort to
strengthen commercial ties, create an environment that is even more welcoming to
investment, removes unnecessary bureaucracy and opens the door trade," said
Ahmad Alfalahi, Commercial Attache for the UAE Embassy in India.
The MoU commits both parties to raise
awareness around export promotion, facilitate trade, boost investment
interaction and connect businesses from across geographies, sectors and
"There is a strong synergy between
Dubai and the state of West Bengal. Looking ahead, there is a signficant
opportunity to strengthen ties, collaborate further and work even closer
together to boost business activity and knowledge transfer," added Yadav.
Representatives of both the UAE
Embassy in India and the Dubai Chamber of Commerce and Industry attended the