GJ Town India

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, GJEP...

FTA paves way for duty-free jewellery exports to UAE   The FTA will fast-track India’s goal of reaching  $52 billion in exports of gems and jewellery by 2022-23   The Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery trade in India, applauded the historical FTA between India-UAE. GJEPC was one of the stakeholders who was closely associated with the Government, suggesting its recommendations and suggestions for the Indian gem & jewellery industry.   UAE accounts for 80% of India’s plain gold jewellery exports and 20% of studded jewellery exports. Talking about the FTA, Colin Shah, Chairman, GJEPC, said, “The India-UAE FTA will strengthen business ties with one of the biggest buyers of Indian jewellery.    This bold vision of Hon'ble Prime Minister Narendra Modi will transform India’s economic relations with the entire Gulf region and beyond, and will also reinvigorate Indian plain gold and studded jewellery ...

Generated an estimated Rs. 5000 crore of business  Comprehensive Economic Partnership Agreement to benefit the G&J industry the most. CEPA to help achieve the set target of USD 52 billion G&J exports in FY 2022-23 The 14th edition of IIJS Signature 2022, organised by the Gem & Jewellery Export Promotion Council (GJEPC) at the Bombay Exhibition Centre, NESCO, Mumbai, concluded successfully on 21st February. The show witnessed nearly 950 exhibitors who occupied 1,470 booths spread across four exhibition halls. There were more than 17242 visitors, including 571 international visitors and delegations from USA, UAE, Egypt, Nepal, Uzbekistan, and Bangladesh. IIJS Signature 2022 has generated an estimated business of Rs. 5000 Crore. The four-day show was inaugurated by Chief Guest Hon’ble Commerce and Industry Minister Piyush Goyal, along with Parshottam Rupala, Hon’ble Union Minister of Fisheries, Animal Husbandry & Dairying; Darshana Jardosh, Hon’ble Minister of State fo...

90% of exports India to attract Zero Duty in UAE   India looks forward to conclude a similar  Economic partnership agreement with GCC The Union Minister for Commerce & Industry, Consumer Affairs, Food & Public Distribution and Textiles, Piyush Goyal has termed the India UAE Comprehensive Economic Partnership Agreement (CEPA) is extremely beneficial for MSMEs, Startups, traders and all sections of businesses.  The CEPA is a balanced, fair, comprehensive & equitable partnership agreement, which will give enhanced market access for India in both goods and services. “It will create jobs for our youth, open new markets for our Startups, make our businesses more competitive & boost our economy” said Goyal.    “The finalization of the 880-page document in a record time of 88 days is a big achievement for both nations, it will boost economies of India and UAE and will usher in a new dawn for the people of the two countries” Goyal adds. Choicest ...

The Dome witnessed about 15 New Launches Wedding, Lightweight & Designer jewelery trended!   Update 1:   Key Highlight:  1: Piyush Goyal: “India showcases its gems & jewellery prowess through IIJS Signature.” “The GJEPC has channelled its entrepreneurial spirit to convert this crisis into an opportunity!”   2: Colin Shah: “Enthused by the performance of 2021-22, the Government. has set a target for us of over USD 50 billion for the year 2022-23.”   3: Parshottam Rupala: “Indian gem & jewellery is a 100% ‘Make in India’ sector.” 4: Darshana Jardosh: “Physical shows such as IIJS Signature increases competitiveness amongst exhibiting manufacturers.”   The Show:  Virtually, when whole of the world had halted in the wake of pandemic Covid-19, every business & commerce, trade & industry, including the gem-n-jewellery (GJ) industry & trade! Despite disruptions due to Covid-19, GJEPC has channelled its entrepreneurial s...

The Signature show will encourage refilling inventory   IIJS Signature 2022, the most-awaited jewellery event of the first half of the year, has been now rescheduled to be held from 18th – 21st February at Bombay Exhibition Centre, Goregaon, NESCO will be inaugurated by Chief Guest, Piyush Goyal, MoC & I, CA & F & PD, Textiles- GoI in the presence of Guests of Honours- Parshottam Rupala, Dracaena Jardosh, Vipul Bansal, Jt Sec MoC.   The inaugural event will be hosted by Colin Shah, Chairman-GJEPC with Vipul Shah, Vice Chairman-GJEPC, Shailesh Sangani, Convener National Exhibitions- GJEPC & in the presence of CoA-GJEPC and amid invitees, industry fraternity & exhibitions!    The show was initially scheduled in first week of January 2022, but Council decided to postpone the show due to surge in Covid-19 cases at that point of time. Just ahead the show, Colin Shah said, “IIJS Signature is an important jewellery show of the calendar, which caters ...