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Tuesday, May 30, 2023

Al Barakah Dates to drive India expansion with DIC factory

Market-leading date processor Al Barakah Dates has announced plans to expand its operations in India, exporting over 30,000 tonnes of bulk raw material from its factory in Dubai Industrial City (DIC).

The joint venture with leading India-based food processing company Candor Foods Pvt Ltd was announced at a signing ceremony at Gulfood 2023. It is underpinned by the UAE-India Comprehensive Economic Partnership Agreement (CEPA) announced in May 2022 to create a larger market through preferential tariff rates and benefits.

DIC’s Al Barakah Date Factory is the largest private date factory in the world. It aims to process more than 100,000 tonnes of dates and date products annually – equivalent to almost half of the UAE’s entire domestic production. The joint venture will leverage the factory’s expanded production capacity and DIC’s strategic connectivity via air, sea, road and the upcoming Etihad Rail to meet the needs of one of the world’s largest consumer markets.

equal contributor

Speaking on behalf of DIC, Saud Abu Alshawareb, Executive Vice President, Industrial Leasing, TECOM Group, said: “The history of trade between the UAE and India is in full swing. The UAE is now an equal contributor to the long-term exchange of ideas, crafts, cuisine and culture. The UAE manufacturers offer a mutually beneficial corridor to export to a large and powerful consumer market.

“They are a strong Made in UAE brand and one of our strategic partners. We are delighted to see their global expansion facilitated by their factory and connectivity in Dubai Industrial City – an important step in driving trade and investment, In line with Dubai’s economic agenda and ‘Made in UAE’.”

Yousuf Saleem, Managing Director of Al Barakah Dates said, “The joint venture with Candor Foods provides us with a solid foundation to develop the Al Barakah Dates brand and promote Emirati dates and raw materials in the Indian market. The potential of the Indian market is huge and we are The state-of-the-art factory in Dubai Industrial City is well-equipped to meet this high demand with its impressive capacity and capabilities.”

growing up very fast

Yash Gawdi, Managing Director, Candor Foods, said: “The date market in India has grown rapidly in recent years due to increasing consumer demand for healthy natural sweeteners. The joint venture with Al Barakah Dates Factory will help provide India with reliable and a sustainable supply of dates and date ingredients.

“Al Barakah Dates has a proven track record in the date business and we look forward to combining our expertise to create a sustainable and socially responsible business that benefits all stakeholders including farmers and consumers. CEPA This provides new opportunities and a favorable environment for our joint venture to realize its full potential.”

The joint venture underscores the UAE’s growing importance as a key manufacturing hub, a priority for the 300 billion move. The industrial strategy aims to develop the UAE’s industrial sector and enhance its role in stimulating the national economy by promoting localized production and boosting exports to global markets.

As the largest industrial center in the region, DIC is a major supporter of the “300 Billion Action”. It provides businesses with integrated solutions, a well-equipped infrastructure – including industrial land, warehouses and worker accommodation, and an extended transport network to global markets.

DIC is part of TECOM Group’s portfolio of business districts, which includes Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3) and Dubai Science Park. — trade arab news agency

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