Surat: It is a matter of happiness for the Gems and Jewelery industry as overall exports have seen a jump of 11% in the first half of 2021-22 (April to September) as compared to the same period of 2019-20. pre-covid period.
Gems and jewelery exports grew to Rs 1.41 lakh crore in the first half of 2021-22 from Rs 1.27 lakh crore in the first half of 2019, according to data released by the Gems and Jewelery Export Promotion Council (GJEPC) on Saturday. -20. Studded gold jewelery exports grew by 60% to Rs 17,761 crore during the same period.
With exports of US$ 18,984.49 million during April-September, the sector has achieved almost half (46%) of the gems and jewelery export target of US$ 41.66 billion set by the government. GJEPC President Colin Shah said that with markets opening up and demand slowly returning to normal, the sentiment in the industry is incredibly positive.
He said that GJEPC recently successfully concluded the International Gem & Jewelery Show (IGJS) in Dubai where they got a good response from the exhibitors and buyers. “Also, with the festive season approaching, we are hopeful of achieving the export target by the end of the financial year,” Shah said.
GJEPC claimed that the gems and jewelery sector is getting support from the central government and how commerce minister Piyush Goyal is working together for the development of the industry.
On 17 September, Goyal visited Surat Diamond Bourse and later participated in the 37th edition of India International Jewelery Show held in Bengaluru. Less than a week later, on 23 September, Goyal visited SEEPZ in Mumbai, where he met officials of GJEPC and SEEPZ, along with jewelery exporters.
Goyal had also announced Rs 200 crore for upgradation of SEEPZ infrastructure and an additional Rs 70 crore for developing an on-site Common Facility Center (CFC).
According to GJEPC, the space transfer policy announced by the Ministry of Commerce and Industry earlier this month is expected to facilitate SEZs, which account for 30% of the country’s total gems and jewelery exports.
Gems and jewelery exports grew to Rs 1.41 lakh crore in the first half of 2021-22 from Rs 1.27 lakh crore in the first half of 2019, according to data released by the Gems and Jewelery Export Promotion Council (GJEPC) on Saturday. -20. Studded gold jewelery exports grew by 60% to Rs 17,761 crore during the same period.
With exports of US$ 18,984.49 million during April-September, the sector has achieved almost half (46%) of the gems and jewelery export target of US$ 41.66 billion set by the government. GJEPC President Colin Shah said that with markets opening up and demand slowly returning to normal, the sentiment in the industry is incredibly positive.
He said that GJEPC recently successfully concluded the International Gem & Jewelery Show (IGJS) in Dubai where they got a good response from the exhibitors and buyers. “Also, with the festive season approaching, we are hopeful of achieving the export target by the end of the financial year,” Shah said.
GJEPC claimed that the gems and jewelery sector is getting support from the central government and how commerce minister Piyush Goyal is working together for the development of the industry.
On 17 September, Goyal visited Surat Diamond Bourse and later participated in the 37th edition of India International Jewelery Show held in Bengaluru. Less than a week later, on 23 September, Goyal visited SEEPZ in Mumbai, where he met officials of GJEPC and SEEPZ, along with jewelery exporters.
Goyal had also announced Rs 200 crore for upgradation of SEEPZ infrastructure and an additional Rs 70 crore for developing an on-site Common Facility Center (CFC).
According to GJEPC, the space transfer policy announced by the Ministry of Commerce and Industry earlier this month is expected to facilitate SEZs, which account for 30% of the country’s total gems and jewelery exports.
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