Question
Which of the following statements about Bharat Mart in
Dubai is/are correct? 1. Bharat Mart in Dubai is expected to be operational by 2025. 2. DP World is building Bharat Mart in collaboration with China's logistics companies. 3. Bharat Mart aims to reduce the cost and time for shipping goods from India to Africa and Europe.Solution
• 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. • 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, 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. Learn Along: About UAE Capital: Abu Dhabi Currency: UAE dirham
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