GJ Town India

  Safeguarding workers’ welfare is a key priority: Kirit Bhansali    India’s gem and jewellery [GJ] exports record a steady recovery in the first half of FY2025–26, witnessing a growth of 3.66% to US$ 14.09 billion between April and September 2025 compared to US$ 13.60 billion in the same period last year. This growth comes despite global headwinds, reflecting the resilience and adaptability of India’s jewellery exporters as festive and wedding season demand gains momentum.    In September 2025 alone, overall exports rose 6.55% to US$ 2.91 billion, signalling improved market sentiment following months of volatility.    Speaking on the Gem & Jewellery Export performance, Kirit Bhansali, Chairman, GJEPC, said, “The first half of this financial year reflects encouraging signs of recovery for the industry. Demand for gem and jewellery products has strengthened across key markets such as the UAE, Hong Kong, and the UK, with exports registering consisten...

  India–EFTA TEPA comes into force with USD 100 bn investment scope    The Prosperity Summit in New Delhi marked the entry into force of the India–EFTA Trade and Economic Partnership Agreement (TEPA). The agreement includes an investment objective of USD 100 billion over 15 years and facilitation of creating one million direct jobs in India, while providing wider goods and services access across Switzerland, Norway , Iceland and Liechtenstein. India’s economic trajectory as the world’s fastest growing large economy towards becoming the world’s third-largest economy would create a strong foundation for prosperity.   Union Minister of Commerce and Industry, Piyush Goyal set the tone as he lauded the successful conclusion of the India-EFTA Trade and Economic Partnership Agreement (TEPA). He described the agreement as a defining moment in India’s economic engagement with Europe, stating that it represents “a trusted partnership between friends” built on mutual respe...

  India’s major export destination countries are in the state of uncertainty!   According to the recently released India’s exports & Imports Statement, overall gross exports of Gems & Jewellery (GJ) stood at US$ 1986.21 million (Rs.16763.130 crores) in the month of November 2024 is showing a decline of 12.94% (-11.8% in Rs. term) as compared to US$ 2281.4 million (Rs. 19005.46 crores) for the same period previous year.   The overall gross imports of Gems & Jewellery reached at US$ 1364.14 million (Rs. 11512.21 crores) in month of November 2024 is showing a growth of 35.0% (36.75% in Rs. term) as compared to US$ 1010.47 million (Rs. 8418.38 crores) for the same period previous year. For the period of April 2024 to November 2024, India’s overall gross exports of Gems & Jewellery registered at US$ 18720.29 million (Rs.156781.31 crores) is showing a decline of 9.52% (-8.32% in Rs term) as compared to US$ 20688.95 million (Rs. 171016.64 crores) for the ...