National News
GJ sector sees 84.39% growth in FDI
India’s foreign direct investment (FDI) inflows have witnessed a remarkable 45.4% surge in the first half of FY24, reaching USD 29 billion.
Even more dazzling is the performance of the gems and jewellery sector, which saw an 84.39% jump in FDI, signalling renewed investor confidence in this crucial industry.
India recorded a sharp 45.4% increase in overall Foreign Direct Investment (FDI) inflows during April-September 2024, reaching USD 29 billion (INR 2.49 lakh crore), compared to USD 20 billion (INR 1.68 lakh crore) in the same period a year earlier, according to data from the Department for Promotion of Industry and Internal Trade (DPIIT).
The gems and jewellery sector also witnessed an impressive surge in FDI inflows, rising by 84.39% to USD 45.7 million (INR 381.67 crore) during April-September 2024, compared to USD 24.8 million (INR 205.29 crore) in the corresponding period in 2023. This marks a significant recovery in investment inflows into the sector, which had seen a fluctuating trend in recent years.
According to DPIIT data, total FDI equity inflows into India have been on an upward trajectory, increasing from USD 40 billion in 2015-16 to USD 44.42 billion in 2023-24. The latest data indicates strong investor confidence in India’s economic policies and business environment, despite global uncertainties.
National News
Ministry Of Good Souls Unveils Its New Bridal Collection In Bespoke 925 Sterling Silver
The Handcrafted 925 Sterling Silver Collection Blends Heritage-Inspired Artistry With Bontemporary Bridal Elegance
Ministry of Good Souls (MOGS), the contemporary silver jewellery brand known for its handcrafted artistry, has launched its latest Bridal Collection, celebrating the timeless elegance of Indian weddings through exquisite 925 sterling silver creations.
Inspired by heritage craftsmanship and reimagined for the modern bride, the collection features statement chokers, regal collar sets, chandbali earrings, and intricately detailed necklaces adorned with polki-style stones, pearls, and vibrant gemstones.
The collection caters to brides seeking heirloom-inspired silver jewellery for weddings, receptions, and festive celebrations. Each piece is meticulously handcrafted to offer brides jewellery that is both distinctive and enduring.
“The new bridal collection reflects our commitment to creating jewellery that celebrates individuality while honouring India’s rich design heritage. Every piece is crafted to make a bride feel confident, elegant, and unforgettable on her special day,” said a spokesperson for Ministry of Good Souls.
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