Dubai Logistics City (DLC), part of the integrated logistics and multi-modal transport platform within the giant Dubai World Central (DWC) urban aviation community being built in Jebel Ali, Dubai, is looking at key prospects from India’s globalisation process.
India, which has been projected to be a world economic superpower by 2020 by analysts globally, has revealed that its exports will touch US$150 billion by 2008-09 – a significant opportunity for Dubai’s trading hub proposition.
“After the liberalisation of its economy in 1991, India followed with the opening up of its markets to global players and went on a fast track economic boom with an 8-9% GDP growth per year,” said Michael Proffitt, CEO, Dubai Logistics City.
“The UAE continues to be India’s second largest trading partner in the GCC and with current attractive projections for its export market, India is a key market not just for DLC’s unique logistics platform but for Dubai’s business model too.
“India’s liberalisation 17 years ago also led to a huge airfreight growth of about 18% annually. With commercial fleet-agreements worth US$30 billion during the next decade, its textile industry production poised to increase 129% to US$85 billion by 2010 – most of it for export and 80% of its US$9 billion annual pharmaceutical output exported, Indo-UAE trade is bound to grow exponentially over the next 10 years.”
With the Dubai World Central – Al Maktoum International Airport, set to be the world’s largest airport, fully operational by 2015, DLC’s proposition as a one-stop logistics shop both inbound to the emerging Sub-continent superpower and outbound to the consumer hungry markets of the West gains greater significance as India’s aviation projections complement Dubai’s booming transportation infrastructure.
“With 50% of the world’s air cargo still being transported in the aircraft belly, India’s air cargo and aviation sector growth is linked to the Middle East’s economic boom,” said Abdulla Al Falasi, DWC’s Director for Marketing and Corporate Communications.
“DLC’s strategic geographical position and excellent infrastructure adds to Emirates push into India through connecting Dubai to most vital Indian cities. This will also enable Indian operators to use flights landing at the Al Maktoum International Airport, seamless transportation onward to other countries,” added Al Falasi.