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
JCS Jewel Creations Opens Exclusive Silver Lounge In Chennai
The New Silver Lounge Offers A Special Place For Luxury Silver Jewellery, Handcrafted Divine Idols, Custom Silver Furniture, Home Décor & Special Gift Collections.
- The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts & high-end home décor.
JCS Jewel Creations has opened its Exclusive Silver Lounge in T. Nagar, Chennai offering a special place for luxury silver Jewellery, handcrafted divine idols, custom silver furniture, home décor and special gift collections.
The big opening was joined by important people, including veteran actor Vijay Kumar, famous Vastu consultant Astro Parduman, actor Arun Vijay, Anitha Vijayakumar, Vinothini Pandian, actor Srikanth, actress Upasana Dr. Yashwanth Honorary Consul of El Salvador and sports star Arathi Arun.
The new Silver Lounge has a selection of silver items, including rings, bracelets, necklaces, earrings, men’s Jewellery, kadas, divine idols, prayer collections, custom silver furniture, luxury gifts and high-end home décor. Items start at Rs 3,000 while divine silver idols start at 10 grams meeting the needs of people who want style, faith and lasting artistry.
When talking about the event Arvind Katrela, Managing Director of JCS Jewel Creations said:
“The Exclusive Silver Lounge shows our goal of making a place where history, luxury and skill meet. Each product has been made with care giving customers special Jewellery, sacred collections and custom silver lifestyle products all in one place.”
Situated in the middle of Chennai’s Jewellery area the new store is expected to be a spot for high-quality silver Jewellery, fancy gifts and handmade silver décor.
JCS Jewel Creations Opens Exclusive Silver Lounge In Chennai
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