November 9, 2022
2 mins read

Indian envoy opens gems and jewellery show in Dubai

UAE has been a critical market for Indian gem and jewellery exports accounting for 14 per cent of its overall exports in FY 2021-22…reports Asian Lite News

A three-day international gems and jewellery show organised by the gjepc-of-india” Gem and Jewellery Export Promotion Council (GJEPC) of India has begun in Dubai.

The second edition is being organised from 8 to 10 November 2022 at the Intercontinental Dubai Festival City, Dubai. A range of products including plain gold jewellery, diamond & gemstones studded jewellery etc are being exhibited at the show.

The inaugural ceremony was attended by Sunjay Sudhir, Ambassador of India to UAE; Laila Suhail, CEO of Strategic Alliance and Partnerships Sector, Dubai Economy and Tourism; Kirit Bhansali, Vice Chairman GJEPC; Chandu Siroya, Vice Chairman, Dubai Gold and Jewellery Group (DGJG); Nilesh Kothari, Convener International Exhibitions, GJEPC; and Milan Chokshi, Co-Convener International Exhibitions, GJEPC.

UAE has been a critical market for Indian gem and jewellery exports accounting for 14 per cent of its overall exports in FY 2021-22, and post the India-UAE CEPA, it has further gained traction, GJEPC said in a statement Tuesday.

A platform like IGJS in Dubai will further help members from both countries to understand their strengths and take advantage of the CEPA.

Another advantage is that the UAE serves as India’s gateway to the WANA (Western Asia and North Africa) region. It helps strengthen trade ties with other Gulf Cooperation Council members such as Bahrain, Kuwait, Oman, Qatar, and Saudi Arabia, the GJEPC statement added.

“This reflects the spirit of the recently signed India-UAE CEPA, and the importance of Dubai as a valuable platform for business and permanence of this show,” Ambassador Sudhir said was quoted as saying in the statement.

“The Indian gem and jewellery industry is one of the largest contributors to the global market and enjoys a similar position back home, contributing substantially to the economy of India,” the Ambassador added.

According to Vipul Shah, Chairman, GJEPC: “Today India stands at the pinnacle of the jewellery pyramid, and the IGJS show demonstrates a depth of product design that is sure to delight this global audience. Post the India-UAE CEPA, India’s overall gem and jewellery exports to UAE have grown by 12.36 per cent to USD 2.9 billion for the period April-September 2022 as compared to the previous year. The IGJS is a crucial platform for building trade relationships and capitalising on the trade opportunities provided by CEPA.” (ANI)

ALSO READ: UAE, Jordan and Israel to advance Project Prosperity

Previous Story

Adani Group becomes 1st Indian operator in Lankan port industry

Next Story

Indian mission in Qatar launches helpline for FIFA WC fans

Latest from -Top News

‘Free Imran’: PTI Roars Nationwide

The protest is being held under the banner of Tehreek Tahafuz Ayeen-e-Pakistan (TTAP) and is supervised by PTI Secretary General Salman Akram Raja Marking the second anniversary of former Prime Minister Imran

Yunus Unveils July Declaration

Yunus unveiled the July Declaration on Tuesday at the South Plaza of Parliament, marking one year since the Awami League’s ouster….reports Asian Lite News Bangladesh’s Chief Advisor Muhammad Yunus on Tuesday unveiled

Doval in Moscow Amid US Tariff Threat

During his Moscow visit, NSA Doval will discuss defence ties, the oil issue, and the upcoming Modi-Putin summit..reports Asian Lite news India’s National Security Advisor Ajit Doval is set to meet senior

Election Row Erupts in Bangladesh

Bangladesh Political Parties Divided Over Chief Advisor Muhammad Yunus’s Election Date Announcement…reports Asian Lite News Several major political parties in Bangladesh have expressed disagreement with interim government Chief Advisor Muhammad Yunus’s recent

Bangladesh Elections on EU Radar

EU Pre-Election Team to Visit Bangladesh in September Ahead of 13th Parliamentary Polls…reports Asian Lite News Bangladesh Election Commission’s Senior Secretary Akhtar Ahmed announced on Monday that a European Union (EU) pre-election
Go toTop

Don't Miss

24 candidates in fray in Srinagar seat

Dr. Bilal Mohiuddin Bhat, Srinagar District Magistrate and Returning Officer

RS Polls: Vacant seats in Kerala challenge leading political parties

Antony, who was at his home here till a few