Morocco Report
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
Reading: Exports of Indian gems and jewellery increased by 8.26 percent
Share
Aa
Morocco Report
Aa
Search
  • Automotive
  • Business
  • Entertainment
  • Health
  • Lifestyle
  • Luxury
  • News
  • More
    • Sports
    • Technology
    • Travel
© 2022 Morocco Report | All Rights Reserved
Morocco Report > Business > 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
Share
SHARE

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.”

You Might Also Like

EU’s €1.1 billion bicycle exports highlight shift to sustainable living

Strengthening UAE-India relations: Top diplomats discuss economic partnership

Global stocks surge as US debt ceiling agreement brings relief

Global clean energy investment set to reach $1.7 trillion, overtaking oil production

European Investment Bank supports circular economy with €3.4 billion lending

Editor January 9, 2023
Share this Article
Facebook TwitterEmail Print
Previous Article Sarah Otten Joins Medison Pharma as VP, GM Americas Region
Next Article $3.3 billion in engineering exports from Egypt in 11 months of 2022

Latest News

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
News
Sony faces antitrust probe in Romania over PlayStation's market dominance
Sony faces antitrust probe in Romania over PlayStation’s market dominance
News
Twitter's legal woes mount as former PR firm files lawsuit for unpaid invoices
Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices
News
WHO report urges governments: prioritize food security over tobacco industry
WHO report urges governments: prioritize food security over tobacco industry
News
India soaring to new heights: the impact of nine years of Modi's leadership
India soaring to new heights: the impact of nine years of Modi’s leadership
News
PM Modi begins action-packed three-nation tour, eyeing over 40 engagements
PM Modi begins action-packed three-nation tour, eyeing over 40 engagements
News

You Might Also Like

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar
News

UN urges immediate action to prevent food and aid crises in cyclone-hit Myanmar

June 2, 2023
Sony faces antitrust probe in Romania over PlayStation's market dominance
News

Sony faces antitrust probe in Romania over PlayStation’s market dominance

May 31, 2023
Twitter's legal woes mount as former PR firm files lawsuit for unpaid invoices
News

Twitter’s legal woes mount as former PR firm files lawsuit for unpaid invoices

May 30, 2023
India’s mastery in space: ISRO's successful launch of Cartosat-3 satellite
Technology

India’s mastery in space: ISRO’s successful launch of Cartosat-3 satellite

May 29, 2023

© 2022 Morocco Report | All Rights Reserved

  • Home
  • Contact Us
Welcome Back!

Sign in to your account

Lost your password?