Moglix, the Noida-based e-commerce platform, is positioning itself to tap into the potential of e-procurement in the B2B industry in the UAE. With the increasing shift towards digital transformation in procurement processes across various industrial sectors, Moglix aims to leverage Dubai’s status as a global supply chain, logistics, and manufacturing hub for exponential growth.
Piyush Malviya, Vice President-Middle East Business at Moglix, emphasized the company’s commitment to harnessing Dubai’s potential and meeting the growing demand for digital solutions in the procurement sector. The B2B industry in the UAE holds substantial economic significance, with the current manufacturing sector contributing AED 133 billion ($36.2 billion) to the GDP. As part of the nation’s Operation 300 Billion, there is an ambitious target to achieve AED 300 billion ($81.7 billion) by 2031, highlighting the trajectory towards bolstering this contribution.
E-procurement of B2B industrial products in the UAE holds significant promise and growth prospects within the Middle East region. Various industrial segments such as manufacturing, oil & gas, real estate, facility management, hospitality, and education are experiencing a notable trend towards digital transformation in procurement processes. This shift is driven by the recognized efficiencies and cost-saving advantages offered by digital solutions. Currently, Moglix serves over 1000 SMBs, contributing to both the vendor ecosystem and benefiting customers.
Malviya pointed out that the ongoing development and expansion of infrastructural projects, including railways, ports, and airports, contribute to a dynamic ecosystem of industries supporting such ventures. E-procurement plays a pivotal role by addressing crucial supply chain challenges and ensuring product discovery and timely delivery, supporting the evolving needs of these industries.
Moglix recognizes the increasing demand for digitalization across various sectors, particularly among large corporations. By applying e-commerce technology’s fundamental principles to the B2B supply chain, Moglix has introduced innovative solutions tailored specifically for enhancing procurement processes in key sectors such as manufacturing and e-commerce.
Malviya also highlighted the potential of the Comprehensive Economic Partnership Agreement (CEPA) between India and the UAE. While the agreement is in its early stages, Moglix is actively exploring various avenues to leverage its depth and extent to its advantage.
Moglix’s strategic presence in Dubai plays an integral role in facilitating Indian businesses to leverage the UAE’s re-export capabilities, thereby extending their global market reach. With Dubai’s world-class infrastructure, robust connectivity, and business-friendly environment, the city positions itself as an ideal hub for Indian businesses to expand their global market reach.
In addition to its presence in the US and Mexico, Moglix has ambitious plans to further expand its footprint into other significant economies, particularly within the GCC region, in the coming year.
Moglix’s focus on the e-procurement potential in the UAE demonstrates its commitment to capitalizing on the digital transformation in the B2B industry. With Dubai’s status as a global hub, Moglix aims to achieve exponential growth in the Middle East region, while also facilitating Indian businesses in extending their global market reach effectively.
