Dalal Street Investments
Top

Dubai + UAE links to India

November 27, 2009

Indian are ~40% of UAE’s population; forming ~10-12% of India’s inward remittances. 31% of the 5.3m Indians in the Gulf are in UAE.

UAE forms ~8% of India’s non-oil exports and 3.0-3.5% of India’s nonoil imports. DP World operates five container terminals in India, accounting for 40% of India’s container traffic.

L&T has two joint ventures in the UAE, others with business interests include Gammon India. EMMAR world’s leading realty player originationg from Dubai has a JV with MGF in India.

Nagarjuna has invested Rs700m in a Dubai real estate project. Punj has 15% of its order backlog of Rs268bn from the Middle East [Dubai is negligible though]

Bank of Baroda has 10 branches in the Gulf (largest), but mostly small banking exposure, mainly for remittances. Bank lending to UAE funded projects in India unknown.

Comments

Got something to say?






Bottom