Ducab Group Expands Presence in Indian Market

Bangalore, India – Ducab Group, one of the biggest end-to-end solution providers and manufacturing firms based in the United Arab Emirates (UAE), has announced that it is expanding its presence in India, setting up its India & South East Asia office in Bangalore to further drive the India story. This expansion plan was announced in the presence of His Excellency Dr Thani bin Ahmed Al Zeyoudi, Minister of State for Foreign Trade, UAE; Ahmad Belyouha, Board Member, Ducab Group; Mohammad Almutawa, Group CEO, Ducab Group; and other officials from both countries. The new facility is an extension of the Group’s strategic vision of becoming a leading global provider of high-quality integrated energy solutions.

Ducab Group began operations in India in 1988, with the supply of cables to Nhava Sheva Port (Mumbai Port). It has supplied over 1,428 km of power cables to the Indian market over the years, which is equivalent to the distance between Delhi and Mumbai. Ducab has completed trade transactions worth INR 2,000 crores in India, and some of its prestigious mobility and transportation projects in the country include those in Delhi, Mumbai, Kanpur, Lucknow, and Agra, among others. Currently, the company is working on multiple projects in India and has strong relationships with leading Indian industries, serving over 100 clients and providing 263,000 metric tons of Cu-eq (copper equivalent), which is enough to power 3 million homes. The Group supports the ‘Make in India’ initiative and has supplied key materials to a number of mega Indian infrastructure projects.

Ducab Group is eager to take advantage of reduced taxes under the Comprehensive Economic Partnership Agreement (CEPA) signed by India and the UAE in 2022. Under the CEPA, duties will be reduced to zero in five years, with a 20 percent reduction each year. The agreement is expected to increase non-oil trade between the two countries to US$ 100 billion in five years from US$ 60 billion now, opening up new investment opportunities. Ducab is unwavering in its pursuit of quality, and it continues to expand across sectors and geographies, offering world-class products and services. Burj Khalifa, Dubai Metro, Emirates Palace, Burj Al Arab, Expo 2020 Dubai, Dubai Airport, Atlantis The Palm, and Yas Marina Circuit are among its most notable projects in the UAE.

Against this backdrop, the UAE Minister of State for Foreign Trade, commented, “The new office by Ducab Group, one of the National Champion companies in the UAE, builds on the strong bilateral trade and business ties between the UAE and India. The two countries share common interests and have strong resources and capabilities to develop industrial manufacturing. The Comprehensive Economic Partnership Agreement (CEPA) signed in 2022 has further catalyzed 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 a genuinely global scale. This is in line with one of the five top government priorities the UAE has outlined for 2023, namely ‘Expanding the UAE’s International Economic Partnerships’.”

To this, Mohammad Almutawa added, “Ducab considers India its new home. This set-up in Bangalore, in the state of Karnataka, is another example of the significant commercial and international cooperation between the two countries. Ducab Group employs around 1,000 Indians. This is an opportunity for us to explore new prospects in the Indian industry as well as to benefit from the new advantages under the CEPA trade agreement, building 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 percent of its products.”

Image Source: Ducab Group