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PM Modi lays foundation stone of 100,000sqm Bharat Mart in Which City?
A)
Doha
B)
Dubai
C)
Riyadh
D)
Cairo

Correct Answer :   Dubai


The Bharat Mart facility in Dubai, which has been compared to China’s Dragon Mart, will be built by DP World and is expected to be operational by 2025.

The foundation stone of Bharat Mart, which will combine retail, warehousing and logistics facilities at Jebel Ali Free Trade Zone in Dubai, was laid during a virtual ceremony by Prime Minister Narendra Modi and the United Arab Emirates (UAE) vice president, Mohamed bin Rashid Al Maktoum, on Wednesday (14th Feb 2024).

Bharat Mart is a joint initiative of DP World, a Dubai-based multinational that specialises in logistics, port terminal operations and maritime services, and India’s commerce ministry that is aimed at boosting exports by Indian small and medium-sized enterprises.

The facility, which has been compared to China’s Dragon Mart, will be built by DP World and is expected to be operational by 2025. The facility, set to cover more than 100,000 sq metres, will help cut the cost and time for shipping goods from India to Africa and Europe.


Modi and Mohamed bin Rashid, who is also the UAE prime minister and ruler of Dubai, expressed confidence that Bharat Mart will further enhance India-UAE trade by leveraging Jebel Ali Port’s strategic location and strength in logistics, the external affairs ministry said in a statement.

Bharat Mart can potentially play a key role in promoting the exports of India’s micro, small and medium sectors by providing them with a platform to reach international buyers in the Gulf, West Asia, Africa and Eurasia, Modi said.

Modi also held a bilateral meeting with Mohamed bin Rashid and discussed bilateral cooperation in a range of areas, including trade, investment, technology, space, education and people-to-people ties.

They expressed satisfaction at the rapidly growing economic and commercial ties between India and the UAE..

Source : Hindustan Times

Published On : February 20, 2024
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