National News
CEPA boosts India, UAE trade: Trade between India and the UAE surged 14.76% to $83.64 billion in 2023-24
The trade relationship between India and the United Arab Emirates (UAE) has experienced significant growth in the financial year 2023-24. According to the annual report of the UAE India CEPA Council, bilateral trade increased by 14.76% year-on-year to reach $83.64 billion. This marks the first full financial year since the implementation of the Comprehensive Economic Partnership Agreement (CEPA), which has played a crucial role in reducing trade barriers and facilitating economic expansion.
India’s exports to the UAE saw a substantial surge of 27.03%, while the UAE’s exports to India also increased by 7.09% compared to the previous financial year (2022-23). The positive impact of CEPA, which came into force on May 1, 2022, has been evident in these figures, as the agreement has streamlined trade processes and encouraged investment flows between the two nations.
One of the most notable sectors benefiting from this trade growth is the gem and jewellery industry. Bilateral trade in this sector expanded from $20.88 billion in FY2022 to $28.15 billion in FY2024, marking an impressive 35% increase. India’s gem and jewellery exports to the UAE witnessed even greater growth, rising by over 60% from $4.95 billion in FY2022 to $8.04 billion in FY2024.
India’s non-oil trade with the UAE rose by 20.1% to $59.72 billion in 2023-24, compared to $49.73 billion in the previous year. The strong trade ties have also been complemented by a rise in bilateral investments. Indian investments in the UAE amounted to approximately $1.16 billion, covering a range of industries including technology and logistics. Meanwhile, the UAE emerged as India’s fourth-largest foreign investor, committing $3.35 billion to high-potential sectors within India.
The India-UAE trade relationship has strengthened significantly since the implementation of CEPA, fostering a robust and mutually beneficial economic partnership. The substantial growth in trade volumes, particularly in non-oil trade and the gem and jewellery sector, underscores the effectiveness of the agreement in enhancing economic cooperation. With continued policy support and investment facilitation, both nations are poised for sustained trade growth in the coming years.
National News
Hari Krishna Group Turns Anniversary into Contribution: 459 Units Donated, Total Blood Collection Reaches 21,863
On its 13th anniversary, Hari Krishna Exports Pvt. Ltd. reinforces its commitment to social responsibility with a landmark blood donation drive and preventive healthcare initiative in Mumbai.
Hari Krishna Exports Pvt. Ltd. (HK), a globally recognised diamond manufacturing company known for ethical sourcing and transparency, celebrated its 13th anniversary at The Capital, Bandra Kurla Complex (BKC), Mumbai, with a strong commitment to social responsibility and sustainable impact.
For the past 13 consecutive years, the company has marked its anniversary by organising a blood donation drive, reflecting its belief that true growth is measured by the positive difference made to society. Continuing this meaningful tradition, this year’s drive resulted in the collection of 459 units of blood, taking the organisation’s total contribution to 21,863 units of blood donated till date.
In a first-time initiative, HK also organised a Blood CBC (Complete Blood Count) Check-up Camp, which received an encouraging response. A total of 162 participants registered and completed their CBC tests free of charge, promoting preventive healthcare and well-being.
The event was attended by Sabyasachi Ray, Executive Director of Gem & Jewellery Export Promotion Council (GJEPC), along with representatives from the banking sector, members of the gems and jewellery industry, employees, and well-wishers, all coming together in the shared spirit of saving lives and supporting community welfare. Qualified medical professionals ensured proper screening and safe procedures throughout the day.
Addressing the gathering, founder Ghanshyambhai Dholakia shared that sustainability for the organisation goes beyond manufacturing and selling diamonds. He emphasised that alongside business growth, the company remains committed to sustainable practices aligned with broader Sustainable Development Goals, and continuously encourages employees and industry partners to actively participate in meaningful social initiatives such as blood donation drives.
As HK steps into another year, its focus remains clear — growth with responsibility, sustainability in action, and progress that benefits both business and society.
source :Hari Krishna Exports Pvt. Ltd
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