Introduction

Another masterstroke by the government is the Bharat Mart project in the United Arab Emirates (UAE), which aims to enhance trade and the economy while improving relations with Arab nations. This project seeks to develop India's warehousing facility, allowing Indian exporters to display their different products in one location. Bharat Mart functions similarly to China's Dragon Market.

However, the concept for this project has yet to obtain formal approval, although experts believe it will be operational by 2025. The Bharat Mart would cover approximately 100,000 square metres and include a multipurpose warehousing facility, hospitality units, and retail segments.

Before we dive into the stocks that can benefit from this project, let us first uncover the benefits of Bharat Mart.

Features and benefits of Bharat Mart

• A single local/free-zone hybrid business platform with the most innovative and lowest-cost supply chain solutions available at their doorstep
• A mega distribution hub for Indian businesses to trade domestically in the UAE and re-export to regional and global markets, reaching 3.5 billion consumers in Europe, Africa, and the Middle East
• A seamless platform to export their cargo to new markets and strengthen their position as a key trade gateway between the two nations
• Direct connectivity to over 150 maritime destinations and air links to over 300 cities through the Jebel Ali ecosystem.
• A contribution to government initiatives like Make in India and D33, aiming to boost India's manufacturing sector and digital economy

Stocks that can benefit from Bharat Mart

1. Textile and garments

The Indian textile sector accounts for 2.3% of the overall GDP. Globally, our textile and garment sector accounts for 4%. In addition, India is one of the world's major producers of jute and cotton and the second-largest producer of silk. Another important statistic is that India meets 95% of the global demand for hand-woven fabrics.

As per the experts, the market is anticipated to reach $65 billion by 2026. However, this figure might be increased further because the Bharat Mart would give a platform for Indian textile and garment exporters to present their products to overseas clients and tap into high-demand markets in Europe, the Middle Eastern nations, and Africa.

Best textile stocks to invest in 2024

• Welspun India Limited
• Trident Limited
• Raymond Limited
• Vardhman Textiles Limited
• Siyaram Silk Mills Limited

2. Pharmaceutical and healthcare

Only when COVID-19 hit the country did the government understand the flaws in our healthcare system. The lack of hospital beds, ventilators, and oxygen cylinders has posed significant problems. However, many reforms have been implemented since then to improve our nation's healthcare system.

The Ministry of Health and Family Welfare got Rs. 89,155 crore from the union budget for 2023-24. There are also plans for a Rs 500 billion credit incentive initiative to improve healthcare facilities.

Bharat Mart will allow Indian pharmaceutical and healthcare enterprises to enter the UAE's and other emerging countries' healthcare markets.

Best healthcare stocks to invest in 2024

• Artemis Medicare Services Ltd
• Aster DM Healthcare Ltd
• Dr Lal Pathlabs Ltd
• Fortis Healthcare Ltd
• Global Health Ltd

3. Engineering and machinery

India's engineering sector is a vital part of its economy, contributing to 27% of the industrial factories and 63% of the foreign collaborations. The sector has grown significantly in recent years, thanks to the rising demand for engineering services in infrastructure, energy, mining, steel, automobiles, and consumer goods industries.

India has a lead over its competitors regarding low manufacturing costs, market insight, technological prowess, and innovation in different engineering sub-sectors.

Bharat Mart will help this industry as the engineering and machinery exporters get to tap into the high-demand infrastructure development and industrialisation market.

Best engineering and machinery stocks to invest in 2024

• Azad Engineering Ltd
• Ameya Precision Engineers Ltd
• BEW Engineering Ltd
• Hindalco
• Tata Steel

Conclusion ​​​​​​​

Dubai Bharat Mart is a new market for Indian businesses in Dubai. It can boost trade and create opportunities for many sectors. Indian exporters can gain a strategic edge by using Bharat Mart, especially in textiles, pharmaceuticals, healthcare, and engineering. As the project progresses, some companies can benefit more than others. For example, Welspun India, Aster DM Healthcare, and Tata Steel are well-positioned to profit from Bharat Mart.

Related Articles:   How to Open a Demat Account Without a Broker | Factors to Keep in Mind While Opening a Demat account | Factors to Consider When Opening a Demat Account

Popular Stocks:  HDFC Bank share price | ICICI Bank Share Price | UPL Share Price | Tata Consumer Share Price | Divislab Share Price