GJEPC is part of the business delegation accompanying Shri Piyush Goyal, Hon’ble Minister of Commerce & Industry, in Abu Dhabi and Dubai from 18th to 20th September. The Indian delegation included Mr. Kirit Bhansali, Chairman, GJEPC; Mr. Adil Kotwal, Member, SEZ Panel, GJEPC; Mr. Yogendra Garg, Regional Chairman – Jaipur; Mr. Bharat Takhtani, Director, Zar Jewels; Mr. Arpit Narola, Director, Shree Ramkrishna Exports (SRK); and Mr. Ashish Sakhardande, Head – IJEX, GJEPC.
The discussions held on the first day focused on enhancing and building upon the Comprehensive Economic Partnership Agreement (CEPA), which came into force in May 2022.
Since then, bilateral merchandise trade has nearly doubled, rising from USD 43.3 billion in FY2020-21 to USD 83.7 billion in FY2023-24. Gem and jewellery trade between the two nations increased from USD 20.88 billion in FY2022 to USD 28.15 billion in FY2024, a 35% rise. India’s gem and jewellery exports to the UAE also grew sharply by over 60%, from USD 4.95 billion to USD 8.04 billion during the same period.
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