Export India to UAE to reach US$ 10 billion in 2023
GJ Exports witness a growth of 12.28% during April 2021 to January 2022 & totaled Rs 2.4 lakh Cr The Indian gem & jewellery export sector has shown quick recovery post the pandemic with exports so far accounting for Rs. 2.4 lakh crores, a 12.28% growth (in dollar terms 6.5% growth to US$ 32.37 billion) during April 2021 to January 2022 as compared to Rs. 2.14 lakh crore (US$ 30.40 billion) during the same period in April 2019 to January 2020. Among the top 10 gem and jewellery export destinations, UAE has witnessed the highest fall of 41.50% followed by Belgium 15.81%, Japan 12.20%, and Hong Kong 3.06% during April 2021 – January 2022 as compared to April 2019 – January 2020. GJEPC, as the apex body of the gem & jewellery trade in India, is expecting that the imminent Foreign Trade Agreement (FTA) with UAE would help the industry to take a bigger leap in exports of Plain Gold and Gold studded jewellery which was hit badly during the pandemic. Colin Shah, Chairman, GJEPC, s