PM Modi, UAE counterpart lay foundation stone of Bharat Mart platform to promote Indian MSMEs

Prime Minister Narendra Modi and his UAE President Sheikh Mohammed bin Rashid Al Maktoum on Wednesday virtually laid the foundation stone of Bharat Mart, which will offer the Indian MSME sector an effective platform to reach out to international buyers.

Modi and Maktoum took part in the virtual foundation laying event at Jebel Ali Free Trade Zone in Dubai for the Bharat Mart that will be built by DP World, a statement from the Ministry of External Affairs said.

"Prime Minister said that Bharat Mart has the potential to play an important role in promoting exports of the micro, small, and medium (MSME) sectors of India by providing them an effective platform to reach out to international buyers in the Gulf, West Asia, Africa, and Eurasia," it said.

"The two leaders expressed confidence that Bharat Mart will propel India-UAE bilateral trade further by leveraging Jebel Ali Port's strategic location and strength in logistics," the statement said.

Earlier in the day, Modi addressed the World Governments Summit and held a few bilateral meetings.

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