UAE, India bilateral trade set to reach $100 billion

Staff Reporter, Gulf Today

The recent agreement that was signed between India and UAE is a significant achievement as far as both the countries are concerned. It is really going to give further traction to the trade between both countries. We have a very high, ambitious target to achieve a bilateral trade of $100 billion, and I am sure the gem & jewellery trade will contribute in a big way. Indian gems and jewellery and their craftmanship is very popular here in UAE.

This was revealed by Omar Khan, Director International Offices, Dubai Chambers.

The Gem & Jewellery Export Promotion Council (GJEPC) along with the embassy of India in UAE organized the first-ever IJEX BSM in conjunction with IIJS Premiere 2022 roadshow on 19th July in Dubai. The event saw leading retailers from UAE connecting with top gem & jewellery manufacturers from India. The event was graced by Sunjay Sudhir, Ambassador of India to UAE; Colin Shah, Chairman, GJEPC;, Shailesh Sangani, Convener, National Exhibitions, GJEPC; Sabyasachi Ray, ED, GJEPC.

Sunjay Sudhir, Ambassador of India to UAE, said, “Bilateral trade between India and UAE is doing well. Last year it accounted for US$73 billion and our goal is to achieve US$100 billion in the next few years, but I am very confident that after the implementation of CEPA, we would achieve this target well before time.”

Colin Shah, Chairman, GJEPC said, “The overwhelmingly positive feedback received from exhibitors at the first ever IJEX Buyer-Seller Meet bodes well for the continuing success of this latest initiative by the GJEPC.”