Global logistics (/topic/logistics) major DP World on Tuesday said it offered 60 per cent discount to Indian companies to set up operations (/topic/operations) at its incubation (/topic/incubation) centre (/topic/centre) dedicated for exporters of Asia’s third largest economy.
The incubation (/topic/incubation) centre (/topic/centre) is a custom-made platform for talented Indian entrepreneurs seeking business collaboration with potential partners in the Middle East, Africa, South Asia and
“DP World has set up India Business Incubation Center two years ago for Indian exporters to serve as their gateway to the world (/topic/world) market. We offer 60 per cent discount to Indian companies seeking to set
up operation in this Incubation Center,” said Amitesh Mishra, manager for business development, DP World, at an interactive session for traders and exporters organised by MVIRDC World Trade Center Mumbai.
He also said DP World was planning to set up 1,200-km railway line to connect entire Gulf countries (/topic/countries) and this would enable Indian companies to transport goods through rail within the Gulf Cooperation Council (GCC) duty-free.
DP World said the global distribution centre (/topic/centre) at Dubai is the third largest re-export hub after Hong Kong and Singapore and around 10 per cent of the world (/topic/world) trade passes through Dubai. This
Centre is located at the 11th largest port in the world (/topic/world) — Jebel Ali, which also has the largest free zone in the Middle East with around 8,700 companies. Of these over 1,100 or 14 per cent are Indian companies,
Moreover, the company said there was no corporate tax for Indian companies setting up re-exporting units in India Business Incubation Center.