New Delhi [India]Nov 9 (ANI): The three-day International Gem & Jewelery Show organized by Gem & Jewelery Export Promotion Council (GJEPC) of India has begun in Dubai.
The second edition is being held from 8 to 10 November 2022 at the Intercontinental Dubai Festival City, Dubai. A range of products including plain gold jewellery, diamonds & amp; Gem studded jewelery etc. are being displayed in the show.
The inaugural ceremony was attended by Sanjay Sudhir, Ambassador of India to the United Arab Emirates; Laila Suhail, CEO of Strategic Alliances and Partnerships Sector, Dubai Economy and Tourism; Kirit Bhansali, Vice Chairman GJEPC; Chandu Siroya, Vice Chairman, Dubai Gold & Jewelery Group (DGJG); Nilesh Kothari, Convener International Exhibition, GJEPC; and Milan Chokshi, Co-convener International Exhibition, GJEPC.
GJEPC said in a statement on Tuesday that the UAE has been an important market for Indian gems and jewelery exports, accounting for 14 per cent of its total exports in FY 2021-22, and following the India-UAE CEPA, it has gained further traction. have received.
A platform like IGJS in Dubai will help the members of both the countries to understand their strengths and take advantage of CEPA.
Another advantage is that the United Arab Emirates serves as India’s gateway to the WANA (Western Asia and North Africa) region. The GJEPC statement said it helps strengthen trade ties with other members of the Gulf Cooperation Council such as Bahrain, Kuwait, Oman, Qatar and Saudi Arabia.
“This recently signed India-UAE CEPA reflects the spirit and importance of Dubai as a valuable platform for trade and sustainability of the show,” Ambassador Sudhir said in the statement.
“The Indian gems and jewelery industry is one of the largest contributors to the global market and enjoys an equal position, contributing significantly to India’s economy,” the ambassador said.
According to Vipul Shah, President, GJEPC, “Today India stands at the pinnacle of the jewelery pyramid, and the IGJS show showcases the depth of product design that is sure to delight this global audience. After the India-UAE CEPA, joint India’s total gems and jewelery exports to the Arab Emirates grew by 12.36 per cent to USD 2.9 billion for the period April-September 2022 over the previous year. (ANI)
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