Union Commerce and Industry Minister Piyush Goyal
| Photo Credit:
@PiyushGoyal
Union Commerce and Industry Minister Piyush Goyal urged micro, small and medium enterprises (MSMEs) to take advantage of the Bharat Mart, a warehouse-cum-sales point spread over one lakh square metres in Dubai, specially designed for small companies to tap the global markets.
In line with Dragon Mart which markets Chinese products, Goyal said that Bharat Mart is equipped to house 1,400 units of MSMEs with a small front office to show-case products, a warehouse and housing facility for employees. Dragon Mart does sales of ₹85,000 crore from its units in Dubai.
Global buyers from Europe, GCC and Africa visit country specific outlets in Dubai to check for quality products and place orders. DP World, the shipping partner for Bharat Mart will handle the transportation part from the warehouse to global buyers.
Speaking at an Assocham event in Mumbai on Saturday, Goyal said that MSMEs should achieve scale to become more competitive, focus on quality and target global markets.
MSMEs have to come forward to take advantage of Bharat Mart in Dubai which is being offered at a highly concessional rate to them for storing their goods at the warehouse and deliver the orders then and there to global buyers.
Depending on the enthusiasm shown by MSMEs, Goyal said the government is willing to negotiate a project like Bharat Mart in 10 other countries.
For instance, a ceramic unit from Morbi in Gujarat can display its stock in Bharat Mart, keep some stocks in the warehouse and tap global buyers to do a roaring business.
MSME units are currently debt averse and prefer to remain small, but they should understand with India growing rapidly and they will be left out if they do not keep pace, he said.
The industry should bring to the government attention wherever they are facing non-tariff barriers so that it can be taken up that particular country or similar trade barriers are levied by India on those countries, he said.
Asked whether trade talks with US will be extended further, he said “only time will tell”.
With global supply chain undergoing a big change, it is imperative for Indian industries to focus on R&D and innovation. In the last two years, Indian companies have filed for 1.60 lakh patents. Saudi Arabia is now focusing on R&D in the oil sector and focusing on value added products as it knows that the company economy cannot sustain just by selling crude oil, he said.
Published on July 19, 2025
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