Zoom News : Feb 15, 2024, 08:08 AM
PM Modi In UAE: China's dragon is going to get a big blow due to Prime Minister Modi's visit to Dubai. In fact, Prime Minister Narendra Modi and UAE Prime Minister Sheikh Mohammed bin Rashid Al Maktoum have laid the foundation stone of 'Bharat Mart' in Dubai. Lakhs of people are going to benefit from this. Bharat Mart is a warehousing facility which will be available to Indian MSME companies. This will play an important role in promoting exports. This will help the Indian MSME sector to reach international buyers. What is the government's plan through Bharat Mart, what is it, how will it compete with China? Let us know the answers to all these questions here.What is Bharat Mart?Bharat Mart Dubai is an initiative of the Government of India. Its objective is to promote Indian products in UAE. This initiative has been launched by Prime Minister Narendra Modi and Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of UAE. Bharat Mart, started in Dubai, will have retail showrooms, warehouses, offices and many other facilities. This will be looked after by DP World.Dragon Mart will get competitionBharat Mart established in Dubai will compete with China's Dragon Mart. Like Dragon Mart, Bharat Mart will also have many products under one roof which will be showcased.When is it expected to be operational?Bharat Mart is expected to be operational by 2025. It is a storage facility that enables Indian companies to do business in Dubai. It provides a unified platform for Indian exporters to showcase different types of products under one roof on the lines of China's 'Dragon Mart'.