UAE-based Ducab Group, one of the biggest end-to-end solutions providers and manufacturing firms is enhancing its footprint in India.
Ducab’s first office in India and Southeast Asia, will further strengthen the Group’s operations and presence in the region, and forms part of its vision to be a leading global provider of integrated energy solutions. The opening ceremony was attended by Dr. Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade; Mohammad Al Mutawa, Group CEO of Ducab Group; Ahmad Belyouha, Board Member of Ducab Group; and a number of officials from both countries.
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, which includes expanding the UAE’s International Economic Partnerships,” he added.
Industry watchers opine that with this move, Ducab Group has an opportunity 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.
Mohammad Almutawa, Group CEO of the Ducab Group said: “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.