In order to expand its presence in India, Ducab Group, one of the largest manufacturers and end-to-end solution providers in the UAE, has opened a new home market in Bengaluru on February 9. The opening of Ducab’s first office in southeast Asia and India will expand the Group’s activities and footprint in those regions and is in line with its strategic goal of being a top worldwide supplier of superior integrated energy solutions.
H.E Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, Mohammad Al Mutawa, the Group CEO of the Ducab Group, Ahmad Belyouha, a member of the Ducab Group’s board of directors, as well as a number of representatives from both nations, were present at the opening ceremony, according to WAM. Dr. Al Zeyoudi said this commitment from Ducab Group, one of the National Champion companies in the UAE, is a clear demonstration of the strong bilateral trade and business ties between the UAE and India.
“The UAE and India share common interests, and both have the resources and capabilities to enhance industrial manufacturing. The Comprehensive Economic Partnership Agreement (CEPA) signed in 2022 has further catalysed business relations between the two countries, enabling businesses to invest and expand their operations, as well as drive cross-border trade and build new and constructive partnerships on the largest scale. This new trade and investment landscape is helping deliver one of the UAE Government’s top five priorities for 2023, namely ‘Expanding the UAE’s International Economic Partnerships’,” he added.
For his part, Mohammad Almutawa, Group CEO of the Ducab Group, commented, “Ducab already has strong relations with leading Indian industries; the group imports 25 percent of its materials from India. Furthermore, Ducab serves more than 100 clients in India, providing 263,000 metric tons of Cu-eq (copper equivalent), equivalent to powering 3 million houses. The Group also employs more than 1,000 Indian nationals, directly impacting 10,000 families.”
“The opening of the group’s new office in Bengaluru is another example of the significant commercial and international cooperation between the two countries,” Almutawa added.
“This is an opportunity for us to explore new prospects in the Indian industrial sector, as well as to benefit from the new advantages under the trade agreement the two countries signed in February 2022, and build on the existing achievements and close ties that bind Ducab to the Indian market. It is an extension of the company’s ambitions and strategies, which is currently expanding its business in 55 markets around the world, where it exports 60 percent of its products.”
