What's Hot

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023
    Facebook Twitter Instagram
    New MadagascarNew Madagascar
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • More
      • Sports
      • Technology
      • Travel
    New MadagascarNew Madagascar
    Home » Exports of Indian gems and jewellery increased by 8.26 percent
    Business

    Exports of Indian gems and jewellery increased by 8.26 percent

    January 9, 2023
    Facebook Twitter Pinterest Reddit Telegram LinkedIn Tumblr VKontakte WhatsApp Email

    The UAE-India Comprehensive Economic Partnership Agreement (CEPA) contributed to an increase in Indian gem and jewellery exports of 8.26 percent in the current financial year, according to Vipul Shah, Chairman of the Gem and Jewellery Export Promotion Council (GJEPC). During May 2022, the Ministry of Commerce and Industry in New Delhi implemented the CEPA agreement with the UAE. Shah said at the inauguration of India’s first design-centric jewellery show of the calendar year 2023 that the last quarter of the fiscal year is very crucial as it requires strong growth to achieve this year’s $45.7 billion target.

    Exports of Indian gems and jewellery increased by 8.26 percentThe current fiscal year of India ends on 31st March, making this the last quarter of the year. Now in Mumbai, there is the India International Jewellery Show and the India Gem and Jewellery Machinery Expo. According to Shah, this year’s show was bigger, better and greener than ever before. India’s overall gem and jewellery exports grew by 8.26 percent from last year. In addition to the UAE-India CEPA, a Free Trade Agreement (FTA) with Australia has been launched, and “Two more FTAs are expected this year.”

    The twin events in Mumbai are being attended by business delegations from the UAE, Bahrain, and Saudi Arabia. According to the Gem and Jewellery Export Promotion Council, set up by India’s Department of Commerce, this is the first time that a Saudi Arabian delegation has attended an exhibition organized by GJEPC. There are 18 prime buyers in the Saudi delegation.

    During the event, Anupriya Patel, Indian Minister of State for Commerce and Industry, noted that the Ministry has taken several steps to streamline the export of gems and jewellery via e-commerce, reduce diamond import duties, implement a comprehensive gold monetisation policy, and establish hallmarking standards. It is the government’s commitment to promote exports.”

    Share. Facebook Twitter Pinterest LinkedIn Reddit Email

    Related Posts

    Dollar slips as investors await Powell testimony

    March 6, 2023

    UAE, Egypt, Jordan, and Bahrain sign $2 billion in industrial deals

    February 27, 2023

    Winter storm shuts down parts of the northern U.S.

    February 22, 2023

    Aid for solar, wind industries sought by German economy minister

    February 22, 2023
    Latest News

    Italian football league Lega Serie A opens office in Abu Dhabi

    March 11, 2023

    Global climate action will be supported by Egypt and UAE at COP28

    March 10, 2023

    Vatican to return three Parthenon sculptures to Greece

    March 9, 2023

    UK government denies that the expulsion of asylum seekers is illegal

    March 9, 2023
    © 2021 New Madagascar | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.