| | DECEMBER 20218IN FOCUSIndia is Going to Set-up Large `India Mart' in Dubai with Numerous Stores, Says GoyalBY CEO INSIGHTS TEAMIndia is looking forward with the UAE to set up an `India Mart' in Dubai, in addition to the on-going negotiations for a free trade agreement with the country, Commerce and Industry Minister, Piy-ush Goyal announces.Goyal expressed hope that Indian busi-nesses will be able to pick-up affordable warehousing and the UAE can then serve as a base to enable them to spread across Africa, Middle East and other parts of the world. He also said that India was set to reach the annual goods export target of $400 billion in the current fiscal which would entail a 40 percent increase in exports com-pared to 2020-21. Services exports in the on-going fiscal are also expected to rise 40 per cent, he said."(Today), I will be in Mumbai engag-ing with exporters and Indian retail in-dustry to examine what are the benefits the UAE FTA can give us. We are also looking at other engagements with the UAE, like a large India Mart in Dubai where huge number of stores can come up to display Indian products," Goyal said speaking at the annual convention of industry body FICCI.New Delhi is working on six FTAs at the moment with partners such as Aus-tralia, the UK, the EU and Canada, and one or two more may get added in the next few days, Goyal said. "The FTAs will give India a huge leg-up, both in inter-national trade and help improve quality of products also within the country," the Minister said. THE FTAS WILL GIVE INDIA A HUGE LEG-UP, BOTH IN INTERNATIONAL TRADE AND HELP IMPROVE QUALITY OF PRODUCTS ALSO WITHIN THE COUNTRY
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