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India emerges as Dubai’s second biggest trade partner

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India emerges as Dubai’s second biggest trade partner

Trade with India increased by 74.5% year-on-year to AED 67.1 billion According to official data released on Sunday, India has become Dubai’s second largest trading partner after China, with a total trade volume of 38.5 billion dirhams in the first half of 2021. According to a statement from the Dubai government, the emirate’s trade with China in the first half of 2021 (first half) was AED 86.7 billion, followed by India and the United States, ranking third. Trade with India increased by 74.5% year-on-year, from AED 38.5 billion in the first half of 2020 to AED 67.1 billion. India and UAE officially launch CEPA negotiations The total trade volume between China and Dubai reached AED 66.3 billion in the first half of 2020, a year-on-year increase of 30.7%. In the first half of 2021, the transaction volume between the United States and Dubai was 32 billion dirhams, an increase of 1% from the 31.7 billion dirhams in the same period of the previous year.

Saudi Arabia ranked fourth with 30.5 billion dirhams, an increase of 26% over the first half of 2020, followed by Switzerland with 24.8 billion dirhams. In the first half of 2021, the total share of the five largest trading partners was 241.21 billion dirhams, compared with 185.06 billion dirhams in the first half of 2020, an increase of 30.34%. Gold top Gold ranked first among Dubai’s foreign trade commodities in the first half of the year with 138.8 billion dirhams (19.2% of Dubai’s trade), followed by telecommunications with 94 billion dirhams (13%). Expo 2020 Dubai: India plans to fight back against Covid-19 and become a global business center Diamonds ranked third with 57.3 billion dirhams (8%), followed by jewelry with 34.1 billion dirhams (4.7%) and auto trade 28 billion dirhams (4%).

Dubai’s non-oil foreign trade surged 31% in the first half of 2021, from AED 550.6 billion in the same period in 2020 to AED 722.3 billion. In the first half of 2021, exports increased by 45% year-on-year, from 75.8 billion dirhams to 109.8 billion dirhams.

This supports the 10 x 10 plan (one of the country’s “Top 50 Projects” plans) to increase exports from the UAE The global market grows by 10% annually to 10%. Imports increased by 29.3% year-on-year, from AED 320 billion to AED 414 billion. Re-exports increased by 28.3% year-on-year, from AED 154.79 billion to AED 198.6 billion. The expansion of the sea. Air network Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Committee, stated that Dubai has consolidated its position as one of the fastest growing business centers in the world. “Dubai’s existing air and sea network will be expanded to cover 200 new cities around the world. We are confident that we will continue to consolidate our growth momentum to achieve our ambitious sustainable development projects and plans,” he said.

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Startups that use excerpts from their own pitch are sent legal notifications by Shark Tank India; the creator responds, “Kaise banega naya India?”

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Startups that use excerpts from their own pitch are sent legal notifications by Shark Tank India; the creator responds, “Kaise banega naya India?”

After getting a legal letter from Sony Pictures for copyright infringement, the subscription-based tea business Dorje Teas found itself in deep water for utilising footage from their own pitch on YouTube and Meta advertisements.

The founders of the subscription-based tea company Dorje Teas, Ishaan Kanoria and Sparsh Agarwal.

While many entrepreneurs, especially those with startups, have found transformation through the business reality TV series Shark Tank India, the narrative is slightly different for Dorje Teas, a subscription-based tea firm that ships organic and fresh-from-the-farm Darjeeling Tea to consumers throughout India. Sony Pictures Networks India slapped the firm with a legal notice, which has placed it in hot water.

Co-founder Sparsh Agarwal of the company, who brought Dorje Teas to Shark Tank India last year and raised funds of Rs 30 lakh for 15% equity from Anupam Mittal, Peyush Bansal, and Vineeta Singh, valued the business at Rs 2 crore, recently revealed on LinkedIn that they received a legal notice from Shark Tank India for utilising snippets of their own pitch.

Agarwal claims that they received a notification about copyright infringement for utilising these clips in YouTube and Meta advertisements. It appears that Sony Pictures has sent notice to other companies besides Dorje Teas. He said, “They’ve clamped down on every single startup that showed up on Shark Tank, so we’re not the only ones.”

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“I don’t understand why they would do this, even though I am aware of the copyright rules that justify it. After all, Dorje Teas and several other businesses, like Skippi, Assembly, Perfora, Hoovu Fresh, Beyond Snack, Wakao Foods, Nasher Miles, and many more, invest thousands of dollars each month to enhance Shark Tank content, which helps the Shark Tank India brand get free exposure and increase brand memory,” he continued.

Agarwal went on to call it a poor business choice that some executive or lawyer at Sony had made, adding that it “goes against the entire ethos of promoting small startups.”

Additionally, the focus of Shark Tank Season 3 has been on creating a new India and assisting the startup environment in India. “How will we construct a ‘new India’ in this manner?’” he questioned in a self-recorded video.

On social media, Agarwal was met with praise, while some contended that Sony’s actions were legitimate in theory. “Dear Sparsh, you must realise that ‘You are the content’ in this situation. You play a big part in content production. You posted the material that features you on your social media accounts (Facebook, Instagram, YouTube, and so on), but not on Sony’s. You might say that the traffic they were supposed to get was somehow redirected to them. A content strategist made the observation, “You are monetizing your social channels with the content they produce.”

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“The first person to provide a sneak peek in the content industry attracts greater attention. Furthermore, it’s possible that you agreed to sign a waiver giving them perpetual rights to the footage they shot. They said, “Verify your contract or try to recall signing any electronic documents on the filming locations that make this clear.

“You are investing lakhs of dollars to promote Shark Tank, while Shark Tank is investing billions of dollars to plan and publicise the programme that features your brand.” Simply alter your viewpoint, as another poster pointed out.

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