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India accounts for 25 per cent of DMB’s global exports, with the company set to double its presence by tapping into India’s industrial transformation.
India’s aluminium market was valued at $11.28 billion in 2023, and is predicted to reach $18.84 billion by 2030.
Ducab Metals Business (DMB), one of the UAE’s top industrial players, on Monday said it is doubling down on India. Currently contributing 25 per cent of DMB’s global exports, India is central to the company’s expansion strategy, with plans to scale this to 50 per cent under the India-UAE Comprehensive Economic Partnership Agreement (CEPA) in 2025.
“India’s copper market size was estimated at 6.6 lakh tonnes in 2023. During the forecast period between 2024 and 2030, India’s copper market size is projected to grow at a compound annual growth rate (CAGR) of 6.6 per cent reaching the volume of 10.3 lakh tonnes by 2030. As India is not a major copper producer in the world, it relies heavily on copper imports to meet the demand,” DMB said in a statement.
The country’s aluminium market size was valued at $11.28 billion in 2023, and is predicted to reach $18.84 billion by 2030, at a CAGR of 7.6 per cent from 2024 to 2030. India’s continued extensive infrastructure development generates a strong demand for aluminum in India, it added.
“India is one of the UAE’s major international trading partners, with bilateral commerce between the two countries. This CEPA partnership promotes the use of the Indian Rupee and UAE Dirham in bilateral trade, which is a first-of-its-kind arrangement for India. Hence this partnership enables greater access for UAE exports entering the Indian market through the reduction or removal of tariffs on multiple products, enhanced market access for UAE’s service providers across multiple sectors and access for UAE businesses to Indian government opportunities,” the company stated.
DMB is the only company in the MENA (Middle East-North Africa) region producing both copper and aluminium, making it a key partner for India’s energy, automotive, packaging, and healthcare industries.
The company’s confidence in India is further reinforced by its recent strategic acquisition of GIC Magnet, a UAE-based manufacturer, strengthening DMB’s capabilities in innovation, sustainability, and product diversification. This move aligns with its long-term vision to expand its product portfolio and global market presence.
Mohamed Al Ahmedi, CEO of Ducab Metals Business, said, “India is a powerhouse of industrial growth, and DMB is committed to being a key enabler of this progress. With rapid infrastructure expansion, increasing demand for sustainable materials, and a thriving manufacturing sector, India presents a tremendous opportunity for us to not just grow, but to innovate and contribute to the country’s economic success.”
