Authority urges motorists to adhere to road safety and traffic rules
The biggest date factory in the world is making inroads into the Indian market now.
Al Barakah Dates, the market-leading dates processor, will process and export over 30,000 tonnes of bulk raw material from its factory in UAE’s Dubai Industrial City to an India-based leading food processing firm.
The revelation came on Day 2 of Gulfood after the UAE-India Comprehensive Economic Partnership Agreement (CEPA) marked the ‘signing’ of its first anniversary recently.
CEPA has eased businesses on both sides after greater market access through preferential tariff rates and benefits.
Al Barakah Dates factory, which is the world’s largest privately-owned date factory, is designed to process over 100,000 tonnes of date and date products annually – equivalent to almost half of the UAE’s entire domestic harvest.
Saud Abu Alshawareb, Executive Vice President of Industrial Leasing – TECOM Group, said, “The UAE and India’s trade history is coming full circle. The UAE is now an equal contributor to a long-standing exchange of ideas, crafts, cuisine and culture. CEPA provides a mutually beneficial corridor for UAE-based manufacturers like Al Barakah Dates to export to a large and powerful consumer market.
They are a formidable UAE-made brand, and one of our strategic partners. We are thrilled to see their factory and connectivity in Dubai Industrial City enable global expansion – it’s a great step to drive up trade and investment, in line with the Dubai Economic Agenda and ‘Make it in the Emirates.”
The joint venture with India-based Candor Foods Pvt Ltd, will employ Al Barakah Dates factory’s extended production capabilities and Dubai Industrial City’s strategic connectivity via air, sea, road, and soon, Etihad Rail, to meet the demands of one of the world’s biggest consumer markets.
Yousuf Saleem, Managing Director at Al Barakah Dates Factory, said, “This joint venture with Candor Foods gives us a solid foothold to develop the Al Barakah Dates brand in the Indian market and promote UAE dates and ingredients. The potential of the Indian market is immense, and our state-of-the-art factory in Dubai Industrial City is well-equipped to cater to this high demand with its impressive capacity and capability."
Additionally, Al Barakah Dates is increasing production capacity at its new 600,000 sq. ft. factory in Dubai Industrial City to produce innovative date-based ingredients and products such as liquid sugars, fillings and binders and ready-to-eat snacks. The materials will be transformed into retail-ready products at Candor Foods’ BRC certified facilities in Mumbai, India.
Meanwhile, market studies reveal that the dates market in India has been growing rapidly in recent years, driven by increasing consumer demand for healthy and natural sweeteners.
Yash Gawdi, Managing Director at Candor Foods, noted, “The joint venture with Al Barakah Dates Factory will help create a reliable and sustainable supply [of] dates and date ingredients to India. Al Barakah Dates has a proven track record in the dates 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.
It is worth noting that the India-UAE Comprehensive Economic Partnership Agreement (CEPA) has opened new opportunities and a favourable environment for our Joint Venture to achieve its full potential.”
ALSO READ:
Authority urges motorists to adhere to road safety and traffic rules
King Mohammed VI of Morocco, President of Palestine wish leadership and people success
Saeed Rashed AlMheiri's book has already sold over 1,000 copies
It strives to support and enrich school libraries with a diverse collection of Arabic and English books for children, youth, and adults
You can make contributions ranging from Dh10 to Dh500 through the platform
The reduction comes after two consecutive months of increases, bringing relief to residents
The centre is open seven days a week from 9am to 6pm and accepts both appointment-based and walk-in clients
Earlier this year, he was honoured by Sheikh Mohammed for his exceptional work in boosting the employment of Emiratis in the private sector