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GJEPC FACILITATES INDIA’S FIRST JEWELLERY EXPORTS THROUGH COURIER MODE FROM MUMBAI
(ICE) – ROMA, 8 SET – As a part of its initiative to simplify international trade, the Gem & Jewellery Export Promotion Council (GJEPC), the apex body of gem and jewellery export in the country, has facilitated India’s first jewellery exports through courier mode from Mumbai.
India’s first 4 jewellery exports from Caratlane via Air India from India to USA departed last Wednesday. The total export value was over $1000.
Vipul Shah, Chairman, GJEPC said, “The swift implementation of exports via courier mode within one year of its announcement underscores the government’s commitment to this vital sector. Mumbai Customs has taken this step at a crucial juncture, considering the industry’s current challenges. Enabling exports through courier mode will not only open doors to new markets but also significantly expand the value added exports from the sector by reaching directly to retail and end consumers abroad.”
Shah further emphasized, “The utilization of courier mode for exports has the potential to reduce costs by as much as 70% compared to cargo mode, thereby facilitating the entry of numerous jewellery businesses across India into the realm of e-commerce.”
Mumbai, being a pivotal export destination, will greatly benefit from this service, with its proximity to key gem and jewellery manufacturing regions, including Gujarat.
This development is expected to further enhance the growth of the industry and open up new avenues for exports, especially in the e-commerce segment.
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(ICE MUMBAI)