Free Demo Request

Gems, jewellery exports dip 4.65% in April-December

Date 25-Jan-2018
Subject Gems, jewellery exports dip 4.65% in April-December

NEW DELHI, JANUARY 24:  The country’s gems and jewellery exports contracted by 4.65 per cent to about $25 billion during April-December this fiscal owing to demand slowdown in major markets, including the US.

According to the Gems and Jewellery Export Promotion Council (GJEPC) data, exports stood at $26.1 billion in the same period last year. The labour-intensive sector contributes about 14 per cent to the country’s overall export.

The drop in shipments is mainly due to contraction in the export of gold jewellery and gold medallions and coins. The industry has asked for support in terms of increasing incentives under the Merchandise Exports from India Scheme (MEIS) to boost the shipments.

Source:- Thehindubusinessline.com

High-volume of Loyal
and Trusted Customers!

We feel pride in offering our customers the wide range of products of the top leading brands of the world.

BCG
Binani
Godrej
Induslnd Bank
Indian Oil
ITC Limited
Jindal Steel Power
Milton
Paharpur
Philips
Reliance
TATA Chemicals Limited
The Times of India
Wipro
Yamaha
Dalmia Bharat Cement
JCB
Pernod Ricard