Dutta said there has been decline in the growth of jewellery exports this fiscal owing to global slowdown. The government is aiming at USD 80 billion of jewellery exports in the next five years from the present level of USD 40 billion, a senior official said on Thursday. The Centre also expects the jewellery industry … Read More →
Gross exports of gems and jewellery have declined for nine months in a row this financial year. It fell by 2 per cent YoY in December to $2,436 million. It had seen a YoY decline of 3 per cent in November. The quantum of de-growth in gross exports in the nine months of FY20 is … Read More →
Drops 14 per cent to $2.84 billion in August 2019. Gems and jewellery exports continued its downtrend registering a fall of 14 per cent in August to $2.84 billion against $3.32 billion logged in the same period last year. In rupee terms, exports were down 12 per cent to ₹ 20,242 crore (₹ 23,077 crore). The hike in … Read More →
New Delhi, May 30 (KNN) Exports of cut and polished diamonds from India dropped by 17.64% year-on-year during the month of April 2019, while gold jewellery (plain and studded) exports rose by 11.41% y-o-y during the same month, according to provisional data released by Gem & Jewellery Export Promotion Council (GJEPC). According to the GJEPC release, … Read More →
Nirav Modi (left) and his uncle Mehul Choksi NEW DELHI: The exit of Nirav Modi and Mehul Choksi from the Indian market has resulted in a sharp fall in India’s silver jewellery exports with an over 75% decline reported during the 2018-19 financial year. Nirav Modi and Choksi fled the country in early 2018 after it emerged that the … Read More →
Branded apparel manufacturers and retailers are yet to overcome the implications of the goods and services tax (GST) rollout in July. The tax reform had directly impacted the entire textile chain due to cascading burden. And post GST, poor consumer sentiment and falling exports have only made matters worse for the business. The September quarter results … Read More →
India’s Apparel Export Promotion Council (AEPC) has expressed concern over the decline in apparel exports by about 40 per cent in October compared to the same month last year and has been engaging with policymakers for an early resolution of the issue that is hampering the apparel industry post implementation of the goods and services … Read More →