Ducab Metals Expands India Footprint Amid CEPA Boost

UAE's Ducab Metals Business is enhancing its focus on India, aiming to leverage the India-UAE CEPA to significantly increase market presence by 2025. India already constitutes 25% of Ducab's global exports. The strategy is part of broader growth initiatives driven by India's industrial boom.

UAE-headquartered metal manufacturer Ducab Metals Business is expanding its focus on India, one of its most rapidly developing markets. Accounting for 25% of the company's global exports, India is pivotal to Ducab's expansion plans under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) set for 2025, as per the company statement released Monday.

The firm plans to double its operations in India by 2025 by capitalizing on India's industrial transformation. Ducab Metals Business reported a 12% revenue increase globally in 2024, with 2025 projections suggesting a 15% rise. In volume terms, a 4% growth was recorded in 2024, with an anticipated 21% increase in 2025, driven by rising market demand and strategic initiatives.

Under the India-UAE CEPA, initiated on February 18, 2022, and effective since May 1, 2022, the two nations aim for USD 100 billion in non-oil trade by 2030. Ducab, noted for being the MENA region's sole copper and aluminium producer, is positioned as a key partner for India's burgeoning industries. CEO Mohamed Al Ahmedi expressed commitment to India's industrial growth, emphasizing Ducab's dedication to innovation and economic contribution. The firm's strategic acquisition of GIC Magnet boosts confidence in its India ventures. Ducab manufactures high-quality copper rods and cables, exporting to over 75 countries including regions in the Middle East, Africa, Asia, Europe, and the Americas.

(With inputs from agencies.)