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
GJEPC Represents Mumbai’s GJ Sector At ODOP Award Assessment
GJEPC Presented An Overview Of Mumbai Suburban’s GJ Industry, Highlighting Its Contribution To Exports, Employment Generation, MSME Development
GJEPC participated in the Government of Maharashtra’s One District One Product (ODOP) Award 2025 assessment on 25 June 2026, representing the gems and jewellery sector as Mumbai Suburban District advanced to the first stage of the award process.
As part of the second-stage physical verification, officials from the Department for Promotion of Industry and Internal Trade (DPIIT) reviewed the district’s performance under the ODOP initiative. GJEPC presented an overview of Mumbai Suburban’s gems and jewellery industry, highlighting its contribution to exports, employment generation, MSME development, and Maharashtra’s industrial economy.
As part of the verification process, the DPIIT delegation is also scheduled to visit SEEPZ, Mumbai, to assess the district’s manufacturing and export ecosystem and gain first-hand insight into the sector’s capabilities.
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