RBI provides Export Rules via Bharat Mart Warehouses in UAE

RBI Eases Export Rules to Boost Trade via Bharat Mart in UAE

The Reserve Bank of India (RBI) has announced significant relaxation in export regulations to support Indian exporters using Bharat Mart, a multimodal logistics and trading hub based in the United Arab Emirates. This move aims to expand India’s global trade footprint by providing easier access to international markets through the strategically located platform.

In its official circular issued on Wednesday, the RBI clarified that authorized banks can now permit Indian exporters to realise and repatriate the full value of goods sold through Bharat Mart warehouses within nine months from the actual date of sale—not the shipment date—offering greater flexibility in managing international transactions.

Further, banks can now allow Indian exporters to open or lease warehouse space at Bharat Mart, without any pre-requisites, subject to confirmation of the feasibility of the project. The regulation is expected to ease logistics operations for Indian companies operating abroad and will also apply to exporters holding a valid Importer Exporter Code (IEC).

The RBI has also allowed remittances for both initial setup and ongoing operating expenses for Indian exporters who up offices in Bharat Mart. In addition to covering maintenance, administration, and staffing costs, this lowers administrative hurdles and makes market access easier.

These steps are a part of a bigger plan to make Bharat Mart a global entry point for Indian commodities, which will increase competitiveness in international markets and facilitate faster trade execution and reduce prices.