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New Indian Express
2 days ago
- Business
- New Indian Express
Want Karnataka to make for the world, says Patil
BENGALURU: Karnataka Minister for Large and Medium Industries and Infrastructure Development MB Patil has said that the State Government wants the state to be a global manufacturing hub like Vietnam and China. 'We have come up with industrial policies and measures towards achieving that goal, where from Karnataka we manufacture for the world,' Patil said at the first edition of Uthpadana Manthana, a post-Invest Karnataka 2025 initiative designed to fast-track the state's vision of becoming India's premier manufacturing hub. 'Uthpadana Manthana reflects our commitment to transform Karnataka into a global manufacturing powerhouse. This initiative goes beyond policy discussions. It is about working directly with industry leaders to co-create practical, high-impact solutions,' Patil said. The day-long conclave brought together around 80 senior executives—CEOs and CXOs—from nearly 60 companies across key sectors, served as a platform to engage directly with industry leaders and co-create an actionable roadmap for industrial growth. These leaders engaged in focused discussions around six priority areas identified by the government. 'Your (participants) insights on improving infrastructure, streamlining clearances, and building talent pipelines will shape our immediate action plan. The broader objective of Uthpadana Manthana is aligned with the state's vision to attract Rs 7.5 lakh crore in investments and create 20 lakh jobs in next five years,' Patil said. The government is also focused on scaling up merchandise exports by leveraging Free Trade Warehousing Zones, export-oriented industrial parks, and faster port access. Karnataka seeks to establish itself as India's most competitive ESDM (Electronic System Design and Manufacturing) destination by attracting OSAT (Outsourced Semiconductor Assembly and Test)/ATMP (Assembly, Test, Mark and Pack) players and strengthening the component ecosystem. With focused efforts in sectors like EVs, semiconductors, aerospace, and advanced textiles, this is just the beginning — Uthpadana Manthana will be a continuous engagement to drive real, lasting impact, he said.
Khaleej Times
10-04-2025
- Business
- Khaleej Times
Sheikh Hamdan's visit: Dubai, India ink several strategic partnerships
Dubai entities signed several agreements with their Indian counterparts as Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum concluded his first visit to India. From warehouses to trade support, these accords will strengthen partnerships between the two markets across a wide variety of sectors. DP World has developed three world-leading Free Trade Warehousing Zones (FTWZ) in India with an investment of over Dh735 million. Located close to India's coasts, they offer advanced infrastructure, flexible warehousing, ease of regulations, and seamless value-added services, making operations simpler. During his visit, Sheikh Hamdan inaugurated one of those — the Nhava Sheva Business Park — in Mumbai, India and toured the facility accompanied by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. He was briefed about the various operations, value added services, and customised services deployed to enhance the efficiency of the FTWZ. 'The establishment of world-class logistics infrastructure, such as the Nhava Sheva Business Park, not only strengthens the trade connectivity between our nations but also reinforces our shared vision for growth, innovation, and sustainability,' said Sheikh Hamdan. During the facility's inauguration, 35 women recruited from local communities worked the shift. This supports DP World's strategic vision for the SCO region, promoting women-staffed warehouses across its operations. DP World's global network of 12 Free Trade Warehousing Zones (FTWZs)—including the Integrated Chennai Business Park in Tamil Nadu and the Cochin Economic Zone in Kochi — enhances India-UAE trade by reducing costs, improving efficiency, and boosting supply chain competitiveness. India to the world During a special event held by Dubai Chambers at Mumbai, Sultan Ahmed bin Sulayem also announced that the first phase of Bharat Mart will be completed by 2026. 'Bharat Mart is a showcase for Indian products to global consumers, especially buyers from our area, the GCC, as well as Africa, to visit, touch and see and fulfil their demands in their country,' he said. 'It's an example of government collaboration action. It will redefine how Indian goods.' In February last year, Indian PM Narendra Modi laid foundation for the Bharat Mart in Jebel Ali Free Zone (JAFZA). The facility, which has been compared to the Chinese Dragon Mart, will cover more than 2.7 million square feet of retail, showrooms, and warehouse space and help 'redefine' how Indian goods reach Africa, the Middle East, and Eurasia. Bharat Mart will also have a dedicated space for women-led businesses. Bin Sulayem also announced a new trade corridor between India and Africa, called the Bharat Africa Setu. 'It connects India and Africa through sea and air connectivity to the import, economic zones, logistic parks operated by DP World in both markets,' he said. 'Indian exporters can access 53 African countries, connecting them to over 400,000 points of sales throughout Africa. We will make sure that the Indian exporters, will increase their sales from 6.5 percent to 12 percent in a year.' Trade partnerships As part of the partnership, Dubai Chambers will support Indian businesses in establishing or expanding their presence in Dubai and provide strategic services aimed at accelerating the investment process. In a series of agreements that underscore the vital role of business communities in advancing collaboration and mutual growth, Dubai Chambers signed three Memorandums of Understanding (MoUs) with the Confederation of Indian Industry (CII), the Federation of Indian Chambers of Commerce and Industry (FICCI), and the IMC Chamber of Commerce and Industry. 'India and the UAE are bound by a deep-rooted friendship and a shared dedication to shaping the future through innovation, opportunity, and sustainable growth,' said Sheikh Hamdan. 'Together, we are advancing a model of international cooperation that delivers real impact and long-term benefits for the people of our two countries. We look forward to accelerating progress in sectors that matter most for our collective future.' The three Indian entities will together provide similar support to Dubai-based companies exploring business opportunities in India, including facilitating business matching services and networking activities. This support will also be extended during the pre- and post-expansion phase The agreements also outline collaboration in joint participation at trade fairs, investment missions, conferences, and exhibitions held in both markets. In addition, the parties have committed to the regular exchange of information and data on bilateral trade and business trends, helping to identify new opportunities and strengthen private sector cooperation. Supply chain DP World signed a MoU with RITES, a leading infrastructure, consultancy, and engineering firm under India's Ministry of Railways. The agreement aims to harness the expertise of both organisations to develop tech-enabled supply chains and strengthen modern logistics and maritime capabilities. The agreement aims to further leverage the UAE-India Virtual Trade Corridor (VTC), a digital platform launched in September 2024 and developed in collaboration with RITES, to streamline customs, logistics, and regulatory processes between the two countries. The agreement opens the door to collaboration on projects spanning multimodal logistics parks, free trade zones, port connectivity, and rail freight solutions, supporting the two countries' shared goal to build diversified trade routes that can withstand global disruptions and drive long-term economic growth. Drydocks World, a DP World company, signed an MoU with Cochin Shipyard Limited (CSL), a leading Indian shipbuilding and maintenance facility, establishing a framework for the joint development of ship repair clusters in Kochi and Vadinar, in India, as well as offshore fabrication, and collaborative marine engineering solutions. This partnership aims to contribute to modernising India's maritime infrastructure, expanding its ship repair industry, and creating new employment opportunities.
Zawya
10-04-2025
- Business
- Zawya
Hamdan bin Mohammed inaugurates DP World's Nhava Sheva Business Park in India
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World's state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration, which took place during H.H. Sheikh Hamdan's official visit to India, marks a major milestone in strengthening the deep-rooted economic and cultural ties between India and the UAE. As a key enabler of global trade, DP World remains committed to developing world-class logistics infrastructure that enhances supply chain efficiency and accelerates India's trade ambitions on the global stage. H.H. Sheikh Hamdan toured the facility accompanied by Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. Sheikh Hamdan was briefed about the various operations, value added services, and customised services deployed to enhance the efficiency of the FTWZ. Speaking at the inauguration, H.H. Sheikh Hamdan bin Mohammed said, 'The UAE and India share a long-standing and deep-rooted economic partnership. The establishment of world-class logistics infrastructure, such as the Nhava Sheva Business Park, not only strengthens the trade connectivity between our nations but also reinforces our shared vision for growth, innovation, and sustainability." Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said, 'DP World is committed to building infrastructure that powers global trade. Our investment in Nhava Sheva Business Park further strengthens our infrastructure network in India and will enable us to meet the evolving needs of our large and growing customer base in the country and in the region. The Comprehensive Economic Partnership Agreement between the UAE and India is already accelerating bilateral trade, and the Free Trade Warehousing Zones network will ensure greater efficiency, sustainability, and scale.' DP World has developed three world-leading Free Trade Warehousing Zones in India with an investment of over US$200 million (AED735 million). Strategically located close to India's coasts, they offer advanced infrastructure, flexible warehousing, ease of regulations, and seamless value-added services, making operations simpler. The Nhava Sheva Business Park near Mumbai offers 1 million sq. ft. of warehousing space, with another one million in the planning stage. It offers specialised and temperature-controlled spaces, catering to diverse industry needs. As part of DP World's global network of 12 Free Trade Warehousing Zones (FTWZs)—including the Integrated Chennai Business Park in Tamil Nadu and the Cochin Economic Zone in Kochi—the Nhava Sheva Business Park enhances India-UAE trade by reducing costs, improving efficiency, and boosting supply chain competitiveness. These three Indian FTWZs are well integrated with DP World's Jebel Ali Free Zone (JAFZA) facilitating seamless cargo movement and strengthening global trade connectivity for India and the UAE. During the facility's inauguration, 35 women recruited from local communities worked the shift—reflecting DP World's efforts to generate employment in the regions where it operates. This initiative aligns with the company's broader Diversity, Equity, and Inclusion (DEI) objectives in India, aimed at increasing female representation and fostering a more inclusive work environment within the logistics sector. It also supports DP World's strategic vision for the SCO region, promoting women-staffed warehouses across its operations. Awarded Platinum certification by the Indian Green Building Council (IGBC) for green design, Nhava Sheva Business Park promotes environmental stewardship and economic growth while supporting global business. Its strategic location near a major Indian port, the Jawaharlal Nehru Port Authority, the Navi Mumbai Airport, and national highways enhances India's trade connectivity through efficient multimodal cargo movement. H.H. Sheikh Hamdan planted a sapling at NSBP, marking the UAE's strong commitment to sustainability and its growing partnership with India. This symbolic act reflects the shared values and long-term vision between the two nations.
Emirates 24/7
10-04-2025
- Business
- Emirates 24/7
Hamdan bin Mohammed inaugurates DP World's Nhava Sheva Business Park in India
His Highness: The UAE and India share a long-standing and deep-rooted economic partnership 'The establishment of world-class logistics infrastructure, such as the Nhava Sheva Business Park, not only strengthens the trade connectivity between our nations but also reinforces our shared vision for growth, innovation, and sustainability' DP World's global Free Trade Warehouse Zone network will further enhance India-UAE trade ties DP World demonstrates commitment to inclusive employment in SCO region by promoting women-staffed warehouses His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister, and Minister of Defence of the UAE, inaugurated DP World's state-of-the-art Free Trade Warehousing Zone (FTWZ) – the Nhava Sheva Business Park (NSBP) – in Mumbai, India. The inauguration, which took place during HH Sheikh Hamdan's official visit to India, marks a major milestone in strengthening the deep-rooted economic and cultural ties between India and the UAE. As a key enabler of global trade, DP World remains committed to developing world-class logistics infrastructure that enhances supply chain efficiency and accelerates India's trade ambitions on the global stage. HH Sheikh Hamdan toured the facility accompanied by His Excellency Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World. Sheikh Hamdan was briefed about the various operations, value added services, and customised services deployed to enhance the efficiency of the FTWZ. Speaking at the inauguration, His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence of the UAE, said: 'The UAE and India share a long-standing and deep-rooted economic partnership. The establishment of world-class logistics infrastructure, such as the Nhava Sheva Business Park, not only strengthens the trade connectivity between our nations but also reinforces our shared vision for growth, innovation, and sustainability. Sultan Ahmed bin Sulayem, Group Chairman and Chief Executive Officer of DP World, said: 'DP World is committed to building infrastructure that powers global trade. Our investment in Nhava Sheva Business Park further strengthens our infrastructure network in India and will enable us to meet the evolving needs of our large and growing customer base in the country and in the region. The Comprehensive Economic Partnership Agreement between the UAE and India is already accelerating bilateral trade, and the Free Trade Warehousing Zones network will ensure greater efficiency, sustainability, and scale.' DP World has developed three world-leading Free Trade Warehousing Zones in India with an investment of over US$200 million (AED735 million). Strategically located close to India's coasts, they offer advanced infrastructure, flexible warehousing, ease of regulations, and seamless value-added services, making operations simpler. The Nhava Sheva Business Park near Mumbai offers 1 million sq. ft. of warehousing space, with another one million in the planning stage. It offers specialised and temperature-controlled spaces, catering to diverse industry needs. As part of DP World's global network of 12 Free Trade Warehousing Zones (FTWZs)—including the Integrated Chennai Business Park in Tamil Nadu and the Cochin Economic Zone in Kochi—the Nhava Sheva Business Park enhances India-UAE trade by reducing costs, improving efficiency, and boosting supply chain competitiveness. These three Indian FTWZs are well integrated with DP World's Jebel Ali Free Zone (JAFZA) facilitating seamless cargo movement and strengthening global trade connectivity for India and the UAE. During the facility's inauguration, 35 women recruited from local communities worked the shift—reflecting DP World's efforts to generate employment in the regions where it operates. This initiative aligns with the company's broader Diversity, Equity, and Inclusion (DEI) objectives in India, aimed at increasing female representation and fostering a more inclusive work environment within the logistics sector. It also supports DP World's strategic vision for the SCO region, promoting women-staffed warehouses across its operations. Awarded Platinum certification by the Indian Green Building Council (IGBC) for green design, Nhava Sheva Business Park promotes environmental stewardship and economic growth while supporting global business. Its strategic location near a major Indian port, the Jawaharlal Nehru Port Authority, the Navi Mumbai Airport, and national highways enhances India's trade connectivity through efficient multimodal cargo movement. HH Sheikh Hamdan planted a sapling at NSBP, marking the UAE's strong commitment to sustainability and its growing partnership with India. This symbolic act reflects the shared values and long-term vision between the two nations. Follow Emirates 24|7 on Google News.
