Gem and jewelry exports contribute a significant share of 13% to Indian merchandise exports. As according to some recent statistics, gem and jewelry exports to U.A.E, Hong Kong and U.S.A were 31%, 25% and 20% respectively. Relaxation in import duty and taxes has greatly affected gem and jewelry exports by boosting exports. Want to sell your jewel pieces abroad? Join Eworldtradefair.com now!According to a latest market report, India’s gem and jewelry exports have shown a growth of 1.45% during 2008-2009, earning revenues of US$ 21.1 Billion. It included gold ornaments and medallions. Allowance of 100% FDI in gems and jewelry through automatic route & 50% FDI in single brand retail outlets has opened the doors of success and growth in gem and jewelry exports as well as jewel industry.
No comments:
Post a Comment