May 26, 2024
Business

Ducab Group enhances its footprint in India

Bengaluru, India – 10 February 2023 – Ducab Group, one of the biggest end-to-end solutions providers and manufacturing firms in the United Arab Emirates, is enhancing its footprint in India, turning the subcontinent into a new home market in Bengaluru, which opened on February 9.

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 strategic vision to be a leading global provider of high-quality integrated energy solutions.

The opening ceremony was attended by His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade; Mohammad Al Mutawa, Group CEO of the Ducab Group; Ahmad Belyouha, Board Member of Ducab Group; and a number of officials from both countries.

His Excellency Dr. Thani bin Ahmed 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, namely ‘Expanding the UAE’s International Economic Partnerships’.”

For his part, Mohammad Almutawa, Group CEO of the Ducab Group, said: “Ducab already has strong relations with leading Indian industries; the group imports 25% 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. “This is an opportunity for us 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% of its products.”

Ducab Group commenced operations to India in 1988 (35 years ago), when cables were supplied to Nhava Shiva Port (Mumbai Port). Over the years, Ducab has supplied over 1,428 km of cables to the Indian market, which is equivalent to the distance between Delhi and Mumbai.

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