Dubai in­vites ship own­ers from In­dia

The Dubai Mar­itime Clus­ter Of­fice has rolled out a red car­pet for ship own­ers as well as an­cil­lary in­dus­tries in In­dia for them to take ad­van­tage of the zero-tax regime, favourable gov­ern­ment poli­cies and world-class in­fra­struc­ture.

Cargo Talk - - Shipping - HAZEL JAIN

When the Dubai Mar­itime City Au­thor­ity (DMCA) de­cided to par­tic­i­pate for the first time in INMEX SMM 2017 – South Asia's largest mar­itime ex­hi­bi­tion and con­fer­ence – held in Mum­bai, it also brought with it the Emi­rates Mar­itime Ar­bi­tra­tion Cen­tre, the ports, the dry docks, etc. Lead­ing the del­e­ga­tion was Naw­fal Al Jourani, Chief Of­fi­cer, Dubai Mar­itime Clus­ter Of­fice, which was launched in June 2016 by the DMCA to help re­alise the ob­jec­tives of Dubai’s Mar­itime Sec­tor Strat­egy. This strat­egy was de­vel­oped in 2011.”

Dubai as a ship­ping hub

Dubai needs no in­tro­duc­tion as far as trade with In­dia is con­cerned. Both coun­tries have had a his­toric re­la­tion­ship which con­tin­ues to date. Jourani adds, “Dubai has al­most 66,000 ships com­ing in to our ports on a reg­u­lar ba­sis and a large por­tion of that is from In­dia. In­dia and Dubai have fan­tas­tic trade re­la­tions since thou­sands of years.

The vol­ume of mu­tual trade be­tween In­dia and Dubai and the Arab world in gen­eral is in bil­lions. The team was in In­dia re­cently to en­cour­age more and more ship own­ers to look at Dubai as a po­ten­tial port by ed­u­cat­ing them about the ben­e­fits of that DMCA can of­fer. “They are wor­ried about GST and other taxes right now. But Dubai of­fers them a zero tax struc­ture,” Jourani says.

Ap­proach for In­dia

The Dubai Mar­itime Clus­ter Of­fice has two main strate­gies for the In­dia mar­ket. In ad­di­tion to the Mar­itime Sec­tor Strat­egy, it has the Dubai In­dus­trial Strat­egy. Launched in June 2016, this strat­egy aims to el­e­vate Dubai into a global plat­form for knowl­edge­based, sus­tain­able and in­no­va­tion-fo­cused busi­nesses.

The clus­ter’s role

Dubai Mar­itime Clus­ter Of­fice’s re­spon­si­bil­i­ties in­clude iden­ti­fi­ca­tion and im­ple­men­ta­tion of key per­for­mance in­di­ca­tors and other rel­e­vant tar­gets; de­ter­mi­na­tion of cur­rent and emerg­ing chal­lenges; and es­tab­lish­ment of ef­fec­tive tools to ef­fec­tively ad­dress con­cerns.

New vir­tual plat­form launched

The DMCA has re­cently launched the Dubai Mar­itime Vir­tual Clus­ter (DMVC) ini­tia­tive on its web­site aimed at pro­vid­ing smart and in­ter­ac­tive plat­forms for knowl­edge-shar­ing and re­search to fur­ther at­tract growth within the sec­tor. It has in­for­ma­tion from reg­u­la­tions, clear­ances, bank­ing, fi­nance, train­ing, ar­bi­tra­tion, etc. that ship own­ers are look­ing for.

Naw­fal Al Jourani Chief Of­fi­cer Dubai Mar­itime Clus­ter Of­fice

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.